As explained in the video, there are some unavoidable facts that need to be faced.

The most unavoidable reality is demographic change. Simply stated, we are living longer and having fewer children.

But this clashes with another unavoidable reality, which is that we have pay-as-you-go entitlement programs.

And the combination of these two realities means a ticking fiscal time bomb. Or, to use Stossel’s analogy, the fuse is burning.