Uneven Aging of America; Cultural Shift Coming; Competition for Resources Between Young and Old Will Be Intense
Mish provides a summary of recent reporting and concludes:
One of the many consequences of boomer demographics is the longer the US opus of reform of Medicare, and Social Security, the more difficult it will become because of voting demographics.
Republicans are already learning that from the negative reaction to the Ryan Plan — after they all signed onto it.
This is a plus from the MMT perpsective, since there is no reason to cut social services due to "affordability," when the only constraint is availability of real resources.
How to allocate real resources is a political decision, however, and the demographics suggest that the boomers will have the upper hand at the voting booth.