I certainly agree with John Oliver Wilson that the federal deficit is attributable to the military buildup, the Reagan cuts in personal and business taxes, and the clear failure of the economy to grow fast enough to melt the deficit (the disaster of Reaganomics).
However, Wilson casts some blame on Social Security and Medicare since "programs transferring income to the retired population account for 33% of all federal expenditures."
Is it unfair to ask Wilson to acknowledge that the entire cost of Social Security is paid for by a payroll tax and that the aged have not caused and are not now responsible for a penny of deficit?
Why then is Social Security brought up again and again whenever the deficit is discussed? The elderly, says Wilson, must "share the pain."