Not … Enough … Taxpayers
DESPITE OUR FOUNDING EDITOR’S BEST EFFORTS …
We all know about the unsustainable ratio of “takers to makers” – which is to say the growing number of people who are dependent on government versus the shrinking number of people who are paying for government.
We’ve written that whole “center cannot hold” column dozens of times. Most recently HERE.
Overlooked in the “takers to makers” conversation? A plunging fertility rate, which we’ve also addressed previously (HERE and HERE). Basically it goes like this: If America ain’t “birthin’ no babies,” then its shrinking workforce is going to become a much bigger problem. And all that government debt? Those tens of trillions of dollars in unfunded liabilities? Yeah … it’s gonna be a lot harder to pay off that Everest-sized mountain of bad news (assuming you still subscribe to the fiction that it can be paid off).
According to a new report from the National Center for Health Statistics, for the first time ever the United States’ non-marital birth rate is in decline.
That rate peaked at 52 live births per 1,000 unmarried women in 2008. Last year, it was down to 45 live births.
“Like declines in overall fertility that have occurred since 2007, it’s quite likely that this recent decline in the non-marital birth rate also occurred as a result of the economic recession of 2007-2009,” observe Gretchen Livingston and Anna Brown of the Pew Center.
Wait … the recession of 2007-09?
Last time we checked it was still going.
“Fewer babies means a contracted consumer economy moving forward – and yes, less taxpayer revenue to deal with the massive pile of debt that’s being accumulated by our current crop of ‘leaders’ in Washington, D.C.,” we wrote back in January. ‘Bottom line? America’s plunging fertility rate is yet another indicator of the unsustainable nature of our country’s current trajectory.”
@fitsnews Not … Enough … JOBS
— Jed Daughtry (@JedDaughtry) August 14, 2014