Al's Views, Personal Thoughts


Germany's Social Security In Trouble?
10 October 2003

"From the point of view of paying for Germany’s welfare state, the country’s demographics - like almost all other European countries’ - hold dire prospects for the future. The age pyramid is turning into a column. Doric, Ionic or Corinthian, it doesn’t matter; a system that was designed to have six or seven workers contributing for every retiree is rapidly approaching three to one and may reach one to one in a few decades. The country’s social security system cannot be financed as it is now over the long term. (This problem is being addressed from many different angles - starting working lives earlier, ending them later, getting more people into work period, adding more private provision for retirement, and beginning to encourage immigration - but it’s a hard problem.)," said Doug in his comments posted on 28 August 2003, in response to a comment by Micah entitled Give Children the Right to Vote? (www.crookedtimber.org/archives/000408.html).

Perhaps the Germans have "population control" to thank for this in part. Certainly a United Nations working for decades to decrease the birth rate can boast of success worldwide in this regard. Of course, no one but the enemy of mankind would promote such a scheme, for as the population shifts from the young to the aged, the number of active workers supporting the older generation will decrease.

According to one commentor on this particular commentary web site, "The age pyramid is turning into a column. Doric, Ionic or Corinthian, it doesn’t matter; a system that was designed to have six or seven workers contributing for every retiree is rapidly approaching three to one and may reach one to one in a few decades," said Doug, as posted 28 August, 2003.

Thus, we have essentially cut our own throats so far as a valid, well funded and effective social security system is concerned. The writer names several efforts in place within Germany to offset this problem. They are 1) begin working at earlier ages, 2) ending those working lives later, 3) pushing more people into the work force as early as possible, 4) increasing the options for retirement funding, 5) and the encouragement of immigration. Sounds like the United States is following the same plan as Bush, just as Clinton before him, seeks to provide amnesty for a flood of illegal immigrants within the U.S.

Al Colombo, publisher
www.GiantKillers.Org

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Allan B. Colombo

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