In response to:

The Coming Age of Austerity

3rdandgoal Wrote: Nov 06, 2012 11:44 PM
[3] The NIH budget is $30 Billion, and can be classified entirely as health care spending, though it’s often left uncounted. But isn’t research to cure disease health care spending? If it’s not, then what exactly is it? I have also included two-thirds of the FDA budget, as that is the portion related to drug and medical device supervision.
"Are the good times really over for good?" asked Merle Haggard in his 1982 lament.

Then, the good times weren't over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives.

Yet whoever wins today, it is hard to be sanguine about the future.

The demographic and economic realities do not permit it.

Consider. Between 1946 and 1964, 79 million babies were born -- the largest, best-educated and most successful generation in our history. Bill Clinton and George W. Bush, both born...

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