If you’ve never visited the CIA’s “The World Factbook” web site, you really should take a look. There you’ll find a whole encyclopedia of information and objective analysis of every nation on earth, including the U.S. Here’s an excerpt from the CIA’s analysis of the U.S. economy:
Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups.
It’s encouraging that even the CIA can understand the threat to our economy posed by our trade deficit. I hope Obama reads this in his daily intelligence briefings. The question is what he plans to do about it.
Secondly, what’s to be done about the costs associated with our “aging population?” More population growth, adding younger workers, is no way to address it. That’s been the approach for decades and now we see that the end result is nothing more than an even larger aging population. The time has come for a population management policy. (See the 29th Amendment to the Constitution of the United States.)