Greek Crisis: Look At The Demographics

Temporary measures for bailouts and economic stimulus packages are one thing, but without drastic measures, ongoing government deficits are simply not sustainable for the simple fact that people live longer and there are not nearly enough young people joining the work force to generate sufficient government revenues and to support the growing unfunded liabilities.

...The US projected demographics are not nearly as bad as Greece but the thought of having 13% of men and 17% of women over the age of 70 makes the current US retirement age a near impossible proposition