The taxpayer shortage
For years, pro-life activists have warned that abortion and the contraceptive culture were leading us toward a demographic crisis. At least a decade ago, Jim Sedlak of the American Life League was warning: “In order to turn things around . . . young people getting married have to be thinking of having four or more children.”
Suppose a pipe-dream hypothetical: Somehow, this “stimulus” actually produces a sort of dead-cat bounce in the economy, so that unemployment is down around 5% again by 2012. Is that good? No, not really, because government will have produced that bounce by borrowing massively against the future in a society that’s about to sustain a serious demographic shock.
The first Baby Boomers turn 65 in 2011, and every year after that will see more and more retirees going onto the Social Security and Medicare rolls. Even if we raise the retirement age, there is still the net drain of productive labor. The average 67-year-old can’t produce goods and services as efficiently as the average 38-year-old and (due to certain legal decisions circa 1973) after 2011, we’ll have a growing shortage of 38-year-olds and a growing surplus of 67-year-olds.
We are on the verge of a taxpayer shortage, you see, and what the Democrats want to do is take out a massive loan that will have to be repaid by a shrinking pool of taxpayers, who will be expected to support a burgeoning population of increasingly sickly Baby Boomer retirees.
Yet, even as America reaps the disastrous economic consequences of the Culture of Death, the misanthropic Malthusians continue to scream about “overpopulation.” As I’ve said elsewhere, some people at least have the excuse of ignorance. Others are merely evil.
(Cross-posted at The Other McCain.)
Robert Stacy McCain