How The Boom Got Into The Budget.

       There's something I've been wondering about for some time. How do or will the baby boomers effect our economic picture? Well low and behold, somebody actually talks about it in the New York Times today. Can you imagine? Blaming that group of retiring, special folk for our economic problems instead of the Democrats? Who do he think he are?
       But here are a few points you might want to consider, that is unless you don't care about facts. First, because folks live longer than at any time in the past, and with the baby boomers, there are a lot more retired people. Which brings up the point that expenditures for medicare and medicaid and et cetera are going up, up and away.
       On the other hand, nearly 200,000 are leaving the job market each month and retiring. That's a lot more than in the past, opening up more jobs. So when the government says it created 150,000 new jobs in a month, that is partly due to retiring workers which now outnumber new workers entering the workforce instead of the other way around.
       But the big thing for our economy and for our budget considerations is to admit that the costs of running the government increases with the increase in the number of retirees. We've already cut spending from growth of 6.1% of GDP under President Bush to growth of 1.4% of GDP under Obama. Unemployment has dropped faster over the last four years than anytime since 1995.
       The point is, if we have more retired folks, it's gonna cost more for the government. Our government needs to understand that fact and figure out, honestly, how to deal with it. And let me say, here and now, our government has difficulty honestly figuring anything out.