Will we grow our way

Will we grow our way out of the Social Security/Medicare problem?

Arnold Kling thinks we might, and explains why in The American Enterprise Online: "Will Science Save Social Security?".

"...There is one important perspective that has not been brought to bear on the issue of the burden of future entitlements. That is the perspective of science, technology, and innovation. The deterioration of Social Security finances is expected to take place over the next 15 to 50 years. Over that same time span, technologists foresee remarkable progress in computer technology, nanotechnology, and biotechnology. If these pundits are correct, then the economic impact of innovation is likely to swamp the effects of policy changes on our ability to sustain entitlement programs..."