Not only are we piling up lots of debt — trillions and trillions — for our children to pay off, apparently, we’re birthing fewer and fewer children to pay it in the future. Fittingly, during the year where we’ve cast off constitutional constraints and moved deliberately to the European social welfare state model, we are now also adopting for the first time their birthing practices, ie our birthing rate has fallen below the replacement level. See here. The social welfare state with a declining population base is economically unsustainable absent massive immigration, which creates its own set of problems and instabilities.
Categories
Sapphire Sky 