Amen.

Anyone who talks about future deficits and doesn't talk about healthcare costs isn't serious. Social Security will be more or less fine with some combination of tax increases and/or benefit reduction (i.e. raising retirement age). But this New Yorker piece makes clear that healthcare costs are skyrocketing - not because of Medicare or private insurance, but because doctors are going out of control, without any noticeable increase in quality of care: http://www.newyorker.com/reporting/2009/06/01/090601fa_fact_...

But there's nothing in it for Wall Street if we constrain healthcare costs, so Peterson will go back to shilling for Social Security privatization.