Anyway, Mauldin has an article, titled "The Pension Train Has No Seatbelts" regarding the public pension crisis in the U.S. that is packed with a lot of useful and scary data.
Most of the states in the U.S. are underwater financially, and some of them are going to go belly up very soon (like Illinois, for example). Even the state with the highest average income (Connecticut) is short by around 50% of their stated pension obligations.
This is not going to end well.
It is why I am completely convinced that biotechnology and life and health extension must happen. If it doesn't, our civilization collapses.
So, people of my generation need to begin to get used to the idea of living and working for the next 300 years to try to fix this insane situation. Fortunately, biotechnology will allow us to do that. Companies like BioTime, Asterias, and AgeX are at the forefront of this, and have been for years now.
The biotechnology age of humanity is dawning, and I --for one-- look forward to being an elf.
