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Dutch: Thanks for a well-reasoned analysis.
One thing I would note is that the numbers are not quite as dire as you suggest inasmuch as focusing on full-time workers misses where a lot of income in generated--investments. Kim and Kanye's kid is making more than any of us right now in trust fund income without working at all.
I also agree with JPhillips. The real drivers of the deficit/debt are the Bush/Obama tax cuts (Bush and his Congress proposed them, but Obama and his Congress made the permanent), defense, and health care (I am not as worried about social security). Of course, defense, social security, and Medicare are things people really like, so politicians treat them as sacrosanct. The things that people don't like (foreign aid, foodstamps, etc) have already been cut (because they are un-liked) to the point where further cuts would amount to a rounding error compared to the big programs.
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