Barack Obama and America’s decline

[See full article for very interesting graphs of data related to this topic]

America is in incipient decline, and this week’s presidential election might be the last chance to reverse it. We are becoming a different sort of country, with a different people and different beliefs. Another four years of Barack Obama well might take us past the point of no return, although no-one, to be sure, knows quite where that lies. There is still time to change course. There might not be time by 2016.

Nearly a third of Americans now depend on food stamps, welfare, disability payments, or some other form of government support, compared with one out of five when George W Bush left office. This enormous shift has occurred before the detonation of a demographic time bomb that will explode towards the end of the present decade, and which will push America towards even greater dependency. This time bomb has four facets:

The baby boomers will retire, and the percentage of Americans over 60 will jump from a sixth to a quarter of the total population in little more than a decade; The population that replaces the baby boomers will come to an increasing extent from families with the lowest level of educational attainment; A new underclass is in formation due to the jump in the rate of births out of wedlock, which comprised two-fifths of total births in 2011; Dependency on government support will rise sharply just as the federal government’s capacity to finance the dependent population will fall....

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