4.6 • 2.4K Ratings
🗓️ 2 October 2025
⏱️ 87 minutes
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| 0:00.0 | I think that this is the interesting segue to talk about if we're ever going to get to MMD here is when will the government not be able to afford the boomers? |
| 0:11.2 | So let's just kind of, if you're okay with it, just kind of frame it in that context. |
| 0:18.0 | And on one hand |
| 0:23.2 | we would argue me and nema |
| 0:25.9 | that they will never not be able to afford the boomers |
| 0:30.1 | the money will always be there |
| 0:32.0 | but on the other hand |
| 0:34.3 | not looking at the money |
| 0:36.9 | just looking at a resources perspective. |
| 0:40.7 | What is it, you know, how many resources does it take to take care of these people at this |
| 0:45.1 | older age? I mean, just look at, say, assisted living or memory care communities. Okay, so we've |
| 0:52.4 | drastically reduced the number of population at the low end, |
| 0:56.5 | and thus the population we literally need to work in these elder care facilities. |
| 1:03.1 | Right? Where are they going to come from? I mean, maybe there's enough people to work in all these |
| 1:07.8 | facilities, and I mean, I don't have the math in front of me or something. But I think that's an interesting way to look at it, which is, again, just forget the money |
| 1:15.8 | for a second. |
| 1:16.6 | Let's just look at the actual resources, the actual health care resources, the actual labor |
| 1:20.0 | resources, the actual housing resources, whatever, to be able to care for this elderly |
| 1:25.5 | population. |
| 1:26.4 | I think that's the constraint more than whether or not the government can actually afford it. |
| 1:32.2 | Because, I mean, the argument that we've made before and we continue making in the future is that the government can always afford it. |
| 1:42.3 | And that the repercussions, which is, it's usually inflation, right, |
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