Quote:
Originally Posted by CliffFletcher
The example I like to give is teachers. In the early 1960s, there were 8 working teachers in Canada for every 1 retired teacher. When I was a kid in early 80s it was 5 to 1. By 2000 it was 3 to 1. Soon that number is projected to be 1.5 to 1. And the number of years teachers can expect to spend collecting pensions is now exceeding how long they spent teaching.
The math doesn’t work. We have utterly failed as a society to make the painful but necessary adjustments to a relentlessly aging population. It’s the same with health care costs and access. By the time we can no longer kick the can down the road, when it’s time to reconcile our expectations with our needs, it’s going to be ugly. Services being slashed deeper than anything we’ve seen in this country, and people getting 40 cents on the dollar on their pensions. That kind of ugly.
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And, a complete unwillingness to acknowledge this. I know, it's because politicians need to face re-election every 4 years so they're not willing to make these kinds of long-term decisions that will make them unpopular. But it's absolutely coming.