And that's exactly what Bush and everybody else is predicting.

这恰好是布什和其他人预测的
So now you understand where the 1 to 2 percent comes from that you're going to get.

现在你明白1-2%的回报率从哪里来的
If the population is stable, the ratio of young to old,

如果人数恒定即年轻人与老人的比值
the rate of return on Social Security is going to be equal to

社保的回报率会等于
the rate of growth of wages.

工资收入的增长率
So it's not 0 as in the first parable, because wages are actually growing.

不像寓言中一样为零因为工资在增长
It's between 1 and 2 percent, which is a bad return compared

增长率为1-2% 相比利率是
to the rate of interest, and that's why every generation is losing.

很差的回报所以每代人都在亏损
Okay, so let's do one more thing.

现在我们在做件事
So the baby boom, does the baby boom make things worse or better?

婴儿潮婴儿潮使整个系统更差了吗
How can you think about it?

你们怎么想呢
It's so simple minded to think this way.

这么想的话会很简单