Thursday, January 18, 2007

A massive, non-technology driver of change - Exhibit II

As reported by Reuters.
Chairman Ben Bernanke warned the U.S. Congress on Thursday that failure to take action soon to deal with the budgetary strains posed by an aging U.S. population could lead to serious economic harm...

"Unfortunately, economic growth alone is unlikely to solve the nation's impending fiscal problems," Bernanke told the Senate Budget Committee. "We are experiencing what seems likely to be the calm before the storm."

1 comment:

Evan said...

As a younger person who's likely going to be left holding the bag, this scares me. It's another disincentive for having children too, which worsens the problem. Maybe with global warming, my generation can flee to Canada.