Women are having Fewer Babies and they’re having them Later in Life Guaranteeing Continued Financial Crises

Posted by PITHOCRATES - November 4th, 2012

Week in Review

Aging populations are plaguing advanced economies.  In Japan.  The United States.  Britain.  France.  Spain.  Italy.  Greece.  And others.  All countries with large welfare states.  Large deficits.  And mountains of debt.  Fewer people are entering the workforce than are leaving it.  Resulting in a shrinking tax base.  Requiring higher taxes.  More borrowing.  And when all else fails, budget cuts.  Which is where the British are in trying to keep their NHS solvent.  Cutting 20% from the NHS budget.  While the US added Obamacare to a budget that is already causing record deficits.  Caused by fewer people entering the workforce than are leaving it.  So that’s how we got here.  Now how does the future look (see CDC: U.S. Birth Rate Hits All-Time Low; 40.7% of Babies Born to Unmarried Women by Terence P. Jeffrey posted 10/31/2012 on CNSNews)?

The birth rate in the United States hit an all-time low in 2011, according to a report released this month by the federal Centers for Disease Control and Prevention…

While the overall birth rate declined to a record low, the birth rates for women in the 35-39 and 40-44 age groups actually increased from 2010 to 2011.

Pretty bleak.  Not only are women having fewer babies they’re waiting another 10-20 years before having them.  Which means when the full costs of Obamacare hit we’ll have perhaps an all-time low of new workers entering the workforce to pay the taxes to fund Obamacare.  And the rest of that swelling welfare state.

In about twenty years our spending obligations will grow too great for taxes and borrowing to pay.  Which means the US will have no choice but to follow the UK.  And make massive spending cuts in our health care.  Resulting in increased wait times.  Rationing.  And perhaps a little Greek-style protesting.  Unless we repeal Obamacare.  And make some serious reforms in our two most costly programs.  Medicare.  And Social Security.  If we do we can save them.  If we don’t we probably can’t save them.  This is the choice we have to make.  Forced onto us by a declining birthrate.

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