Sunday, April 05, 2009

Not Serious

But if "young" Mr Riemenschneider chooses to miss the point, so be it. Richard Fernandez gets it:

The Financial Times explains in numbers what Mark Steyn has asserted in words.  We don’t have enough people to pay our bills. The advanced economies are piling up generational debt so fast they need to make children pronto so they can saddle them with unpaid obligations. Forget having kids because they’re wonderful; you need them to pay off the stimulus. The FT says the ageing bill will be a tsunami that will dwarf the current economic meltdown.

And just to clarify: for Japan, Russia and Europe, we're no longer talking about demographic-economic catastrophe just beyond the horizon - say, mid-century - but within ten years. If you're not talking about this, you're not serious. Which is why the O-man and the G-20 aren't serious.