Wednesday, February 07, 2007
Eating Your Seed Corn
Here’s a story on how we’re looking at a near future in which the workforce, as Baby Boomers leave and are replaced by less-educated immigrants and lower socio-economic workers, ends up less literate and capable than we have now. Which are you betting to happen first—the decline of our economy or not being able to build enough prison beds to put these guys when the economy declines? But, if the economy can’t maintain its heights, then we won’t have the tax revenues to pay for the prison beds unless we take even more money away from . . . Head hurting. Maybe we should just start re-thinking our spending priorities . . . . No, there’s more seed corn over there. Let’s just keep eating.