This link was received by e-mail. The video it links to is worth watching and thinking about.
This echoes some of the concerns I (and others I know) have had for a long time. I'd seen some of these figures and comparisons before, but this is a more striking and elegant presentation.
A friend I forwarded the e-mail to agreed with me and said this:
Simply an elegant presentation. I've been screaming in the wilderness about the propensities of governments to over-promise benefits for three decades. As far as I can tell, my screaming has done absolutely no good, because politicians are still mortgaging our future beyond any ability to every pay off the debt. Argentina conveys the message, but much more elegantly than I ever did.There is still time for us to avoid sliding into Argentina's fate, I think. But this country is a very large ship and slow to turn as Argentina once was. It will take a lot of effort to get us back onto a positive slope. But we must try.
I have forwarded to many friends. Regrettably, all of my friends are in the same camp. Those people who most need to get this message are those who are the least likely to watch the video (much less heed its conclusions).