The Trillion-Dollar Pension Crisis Is Only Getting Worse Because People Are Living Too Long

BI ^ | 2-16-2014 | John Mauldin

[Lou L]

There are others who misled and perhaps should be executed for the damage they have caused to the future of others and the economy as a whole.

I couldn't help but think the same. There are people with fiduciary responsibilities at the helm of state and federal governments who--and I'm giving them the benefit of the doubt--probably couldn't advise the truth about their respective finances. The reason why? Someone in a political position didn't want the impact to hit home with taxpayers. There'd be a revolt. The answers are raise retirement ages, reduce retirement benefits, or raise taxes to cover the shortfall.

Now, there is movement afoot to work from the opposite direction: with Obamacare, we're hearing more discussion that the solution is to kill off our elderly sooner. That's the real underlying message.

[Forward the Light Brigade]

A few good nuclear wars could solve this. Famines and plauges could quickly reduce the population to One billion in less than a decade.

[clearcarbon]

"Obama's Death Squads/Panels should correct this problem, eh?"

The more seniors he kills with obamacare, the less he has to pay in benefits and the more he collects in estate taxes. If he wants to stay in office indefinitely he can use that money saved to buy a lot of immigrant votes.