The real population bomb to come? Social Security’s looming bankruptcy
Throughout President Donald Trump‘s second, nonconsecutive term, pundits across the political spectrum have warned that the economy is on the cusp of mass job losses. They have cited everything from the demonstrable downward pressure on the labor market from tariffs to Trump’s orders for the Federal Reserve, an independent body, to immediately slash the federal funds rate.
But as the nation hits a dangerous economic inflection point, its long-predicted future demographic crisis will not be that we have too many people for too few jobs, as is often warned about. But rather too few people will be available to work at all.
Democrats like to blame the nation’s demographic decline on Trump’s immigration policy. Yet so long as the White House remains focused on deporting illegal immigrants, especially with an emphasis on the criminal illegal immigrants and welfare queens who are overwhelmingly a net-negative on Uncle Sam’s balance sheet, the enforcement of already extant immigration law is not the problem.
Over the year starting July 1, 2024, the Census Bureau found that the nation’s population only increased by 1.8 million people, or 0.5%. That’s about half as fast as it averaged 20 years ago. The core cause is, and........
