Sunday, September 18, 2005

Should the U.S. send Seniors Abroad to Cut Costs?

Walter Russell Mead saying getting rid of seniors is a way to save money:
Send the old people to Mexico, Central America and the Caribbean.

By one estimate, almost 20% of gross domestic product will go to seniors by 2030. Baby boomers are the first generation of grasshoppers in U.S. history. Their parents and grandparents, scarred by the Depression, scrimped and saved. The boomers put it on plastic. With private household savings rates near all-time lows, bills are coming due and the facts are increasingly clear: Some boomers not only won't be able to afford the retirement they dream of, many won't even be able to afford the retirement they fear.
Seniors living abroad don't get Medicare.For an establishment guy like Mead to be talking about it this is news.Via American Thinker