Aged pension facts

First a quote from sloppy Joe Hockey about old aged pensions being "unsustainable". Yes, this is the bullshit we're supposed to believe, whilst they hand out bazillions to rich parents having babies.

Perhaps that’s why Hockey has this week flagged reforms to the pension. In an interview with the ABC, he suggested the government will move to raise the eligibility age for the aged pension to 70 years. “We’ve got to have a sustainable welfare system,” Hockey told the ABC’s Barrie Cassidy. “It may be the case that my generation has to work for an extra three years.” more

Yeah yeah yeah, same old stupid line. Well how about what Australia is actually spending on aged welfare payments, and not some bluster about "unsustainability" by the gov? In the same article are two graphs that explain it all. I'd like to see sloppy Joe explain his way out of this one..... not waiting for any hard hitting interviews from the media moguls though....

Note the red bar representing Australian aged:

This one, note the blue bar representing Australian aged welfare payments: