As suggested in the chart above (courtesy of the Tax Policy Center , a joint venture of the Urban Institute and Brookings Institution) our government is facing a fiscal nightmare as the ratio of workers to Medicare/Social Security beneficiaries continues to decline. The ratio has shrunk from 4.3 in 1962 to 3.3 today. As the baby boomer generation begins to retire, actuaries project a rapid steepening to a ratio of just 2x by 2030. According to David Walker, CEO of the Peter G. Peterson Foundation, these unfunded entitlement obligations add another $53 trillion to the mere $10.8 trillion reported as our National Debt. If this doesn't cause concern over the future hegemony of the US dollar, I am not sure what will.
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