America's Demographic Cliff: The Real Issue In The Coming, And All Future Presidential Elections

Zero Hedge, Tyler Durden

• The problem in a nutshell: the first wave of Baby Boomers, born between the years of 1946 and 1964, officially reached retirement age in 2011. There are a whole lot of Baby Boomers - just under 76 million, to be exact - that will depend on new money flowing into the system to help keep the entitlements coming. According to the latest Social Security and Medicare Board of Trustees 2012 Annual Reports Social Security now pays out more than it takes in, and is expected to do so for the next 75 years. 
• It’s a pretty tough picture, to say the least; as the population ages, we’re looking at more and more money dedicated to retirement benefits with a smaller workforce to fund the spending.
• Social Security and Medicare spending are projected to grow exponentially as healthcare costs explode and the biggest population wave in the history of the US starts to enter retirement. The Congressional Budget Office expects spending to increase by 150% over the next 25 years, which is hardly sustainable with barely 2 workers for every retired person in 2035... there’s a storm a comin’

The Adminstration and the rest of the Democrats have no solution for this except confiscatory tax rates.  That is what is in store for France.  But what will happen in France?  The rich will leave and take their money with them.  How does this help a nation pay for these promises that the politicians have made?  It can't.

All the Democrats seem to know how to do is to make a bad situation much worse.