So I finished reading the The Deal (it took a couple hours at most), and the result was a fleshing out of pretty much everything that was in the original blog post. The long-term deficit isn’t hard to understand: it’s caused by health-care benefits that are out of whack with taxes. It’s really that simple. Medicare is not paid for. And if we don’t raise taxes, we will have to cut benefits for the elderly.
So what’s it going to be? Higher taxes or Medicare cuts? Your move, America.