“The benefits … are being paid for by mounting government debt… much of it simply implicit in the promises of what services the government will pay for. Those promises will almost certainly be broken.” Diane Coyle, The Economics of Enough
Category: Quotes
Quote 19
“Future taxpayers will be paying a higher share of their incomes to their governments for a lower entitlement to services and benefits from their governments.” Diane Coyle, The Economics of Enough
Quote 18
“All economies lack the kinds of statistics needed to ensure that policies take due account of their legacy for future generations.” Diane Coyle, The Economics of Enough
Quote 17
“By 2050, Britain will have to spend £80 billion per year above what it does now on pensions, long-term elderly care and the NHS.” OECD, 23 May 2011
Quote 16
“The cost of Britain’s ageing population will be 10 times more expensive than the financial crisis.” OECD, 23 May 2011
Quote 15
Of care for the elderly: “Savers aren’t saving for it, families aren’t planning for it, local authorities have next to no budget for it.” Ros Altmann, Director-General, Saga
Quote 14
“If future generations are to remember us more with gratitude than sorrow, we must achieve more than just the miracles of technology. We must also leave them a glimpse of the world as it was created, not just as it looked when we got through with it.” Lyndon B. Johnson
Quote 13
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” Thomas Jefferson
Quote 12
“2.8 million people aged between 18 and 44 are delaying having children because they can’t afford to buy a home.” Belinda Turffrey, The Human Cost, Shelter 2010
Quote 11
“In 1971 the over-60s made up one-fifth of the population; in 2030 they will make up almost one-third of the population.” 2008 National Population Projections, ONS 2009