One of the reasons why Europe’s in for the perfect storm – unaffordable entitlements on declining human capital dependent on alienated self-segrating Muslim immigrant populations – is because of the size of public pensions liabilities, which in Greece are projected to be 25% of GDP by 2040. Over here, the problem is significantly smaller but the mindset is much the same. From a USA Today report on the subject:

Johnnie Nichols, a civilian Defense Department employee, contributes to a federal pension that will let him retire at age 56, after 32 years of service.
His wife, Kimberly, a math teacher at a private business college, has no pension after two decades of teaching and running a horse farm. Their marriage reflects the new world of retirement: government employees who have secure benefits and private workers who increasingly are on their own.
“If we were both in her shoes, we’d be in a world of hurt,” says Nichols, 45, an information technology manager in Middletown, Ind. “We wouldn’t be able to retire until age 67.”

The “world of hurt” is, unfortunately, the real world. At a time when life expectancy is nudging 80, Mr Nichols thinks it’s perfectly reasonable for the government (ie, his missus and other workers) to pay for him to fish, play shuffleboard or go to Eighties karaoke nights for a quarter-century – in effect, half his adult life. No society has yet been devised that can function on such a basis and, if you want a real “world of hurt”, take a casual look at where a Nation of the Retired leads .