On that last part, I will confess it's unclear to me what the greater moral failing is between the 100s of thousands of elderly deaths, and lost economic growth. It comes down to how much is actually lost of course, and while I do believe what we're collectively going for is a good middle ground, I think also a lot of people don't really understand the magnitude of effects of economic growth over long periods of time.The difference between growth of 2% and 3% are enormous 50 years down the line, and may very well translate in many more deaths due to poverty and disease, as well as a great quality of life difference for billions of people (among many other effects).
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