In my recent interview with John Stossel, I explained that America’s entitlement programs are unsustainable because of demographic change.
Our population pyramid is turning into a population cylinder, so there will not be enough working-age taxpayers in the future to finance all the benefits promised to the elderly. Not even close.
This inevitably and unavoidably means one or more of the following options.
- Massive tax increases.
- Massive benefits cuts.
- Massive borrowing.
- Massive money printing.
- Genuine entitlement reform.
Given those choices, entitlement reform is the only sensible path. Both for the United States and for other nations.
Some readers may think I’m exaggerating in order to push a libertarian agenda. So let’s look at some analysis from non-libertarian sources.
We’ll start with some excerpts from a recent report by the St Louse Federal Reserve Bank. Authored by
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Utopia, you are standing in it! 
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