Thursday, December 9, 2010

A $2.8 trillion unfunded liability

Great point by Andrew Coyne on At Issue tonight.  The aging population is a $2.8 trillion unfunded liability.  Often, we hear that students need to have context to learn things.  How about this oncoming financial burden for a context. I often think that this desire to find context and to change how education works is influenced by the sense of entitlement we have in well-off nations.  I don't think a student sitting on a dirt floor in an African school will need context - they don't have a sense of entitlement to education - it's a privilege.  Coyne noted that the US and especially the UK are doing things right now to address this problem of the aging population.  Canada is not.  We may be financial stars of the G8 now, but not in the future!

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