"We must now be unfair to someone" - This too-good-to-excerpt Robert Samuelson article confronts the dilemma that America faces by failing to honestly address entitlement spending. Either we pare back on Medicare and Social Security (unfair to seniors) or we impose much higher tax rates on workers (unfair to future generations). The alternate choice is to continue to pile up unprecedented peacetime debt levels and risk the implosions of Greece and Ireland or the slow decline of Japan.

More - From Douglas Holtz-Eakin.