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Wednesday, September 22, 2010 at 12:06 AM
12:06AM

Chart of the day (1): Federal budget as % GDP

DateWednesday, September 22, 2010 at 12:06AM

From WSJ op-ed by George Shultz and others.

It is said that a truly socialist European country has a government outlay above 40% of GDP--a fate projected here for the 2040s.

The thing is, you know a lot of that is demographic aging, which will likely take off dramatically in coming decades thanks to new technologies.

So redefine old age and Social Security?  We would seem to have no choice.

A problem of success, no doubt, but a challenge of transformational scope nonetheless.

AuthorThomas P.M. Barnett CommentPost a Comment | Reference2 References |
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