"The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt"

This quote by William Vickrey speaks to the need for federal government financial obligation in order to meet the needs of an aging population. The terrific boost in durability has actually resulted in a rise in the desire to accumulate properties for retirement, which has outmatched the capability of the private sector to produce assets. This indicates that the government should action in and offer extra financial obligation in order to meet the requirements of the aging population. This debt can be used to fund programs that provide retirement security, such as Social Security, Medicare, and Medicaid. It can likewise be used to fund financial investments in infrastructure and other projects that will benefit the economy and create jobs. Eventually, the government debt is necessary in order to ensure that the aging population has the ability to retire with monetary security.