From
Here's the Deal, by David Leonhardt:
Eventually, the country will have to confront the deficit we have, rather than the deficit we imagine. The one we imagine is a deficit caused by waste, fraud, abuse, foreign aid, oil industry subsidies and vague out-of-control spending. The one we have is caused by the world's highest health costs (by far), the world's largest military (by far), a Social Security program built when most people died by age 75 -- and, to pay for it all, the lowest tax rates in decades. The recent string of budget deadlines and crises may be manufactured. The problem is not."
After the jump, my review.