Kids Don’t Vote
From 2011 to 2022, federal outlays are projected to grow by almost $1 trillion, but children gain almost nothing from this growth. In comparison, the non-child portions of Social Security, Medicare, and Medicaid are projected to claim 91 percent of the increase.
As a result, children’s spending is projected to fall sharply as a share of the economy, from 2.5 percent of GDP in 2011 to 1.9 percent in 2022, below pre-recession levels.
Source: Gene Steuerle.
This only builds to the mountain of evidence that no political party or individual politician actually cares about his or her constituents; they only care about the vote.
I suppose we should not find this surprising. Baby Boomers are a huge cohort. Once they become seniors, they will demand government goods and services compensate with their political power.
@Alex Only swing votes at that.
This is disturbing. If anybody still wonders why the American political/economic system receives so much negative crisiticism from outsiders, here is part of the reason.
And here I thought that parents spend their money on children so that expenditures that help parents also help children.
This is a shame.
I wonder how much worse it is in Japan, which has an older population.
An aging population will help ensure that Social Security and Medicare are kept intact for years to come.