There are those who oppose economic growth because they favor "sustainability"
. I've read it. I'm not impressed. Essentially, you're longing to kill people, and drive people into poverty. As it turns out, we've got a fiscal problem in the economy for the next 20 years
, called "Boomer Retirement" to look forward to. As might be expected, the Boomers' retirement will help trash the economy almost as much as their antics in college and after trashed the culture.
The problem?The projections are that the Social Security surplus will peak in 2010, and diminish every year thereafter, so ultimately, instead of collecting 5 cents on the national dollar and paying out 4 1/2 cents, we will continue to collect 5 cents and pay out 7 cents," Holtz-Eakin said. "And that's the good news. The bad news is Medicare. The demands on the Treasury go from 4 cents on the national dollar to 22 cents in the next 50 years."
Grow the economy so that the problem is smaller, proportionately, and it won't bankrupt the rest of us. Allow in boatloads of immigrants willing to work, because Boomers apparently only have children accidentally, and we need people in those jobs. Anyone who has flown in this country knows we are not only not overcroweded but suffering from a dearth of population.