"History is a wonderful thing, if only it was true"

Saturday, June 20, 2009

Sows ears to silk purses

Brilliant summary

Public debt: The biggest bill in history | The Economist

Careful on fiscal tightening to avoid inflation or hyper-inflation, but make long term, serious changes.

Changes to reflect the reality of an aging population.

Simple : raise retirement ages, workers work longer, pay more taxes (over time), and draw less in pensions.
Retirement/Pensions have not kept up with increased life expectancy.

Also : in the US... healthcare reform.
Focus on health and healthy lifestyles, not cures after the fact.

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