While we watch the chattering class engage in cheerleading about the new debt deal, I suggest that you pay attention to the Fiscal Gap.
Here is the short Kotlikoff article that gives a brief overview on the fiscal gap, which is the genesis of the article linked to above.
Listening to these talking heads discuss tweaking the system, whether pledges are a good idea or not, etc. and I just can't help but think that when the crisis comes, the entire leadership cadre in the United States is going to be left jabbering nonsensically, if they can must the courage to speak by that time, while the entire system comes crashing down. This is the best we have?
The only honest part I heard came around 7:45 or so, when there was a discussion about soaking the rich - one of the chatterers at least honestly said, that while it wouldn't make much of a difference even if we confiscated all the wealth of the top 1%, he would feel better. Think about that when hard decisions have to be made...