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Leonhart, the washington, d.c., bureau chief for the new york times and also author of a must-read great new ebook called here s the deal. welcome to the show. in your book thank you. great to be on. you argue we have come to believe a story about the deficit that isn t true. you write, looming deficits seem to stem from weak-willed politicians, wasteful government programs that do not benefit us, and tax avoidance by people we have never met. in truth, the coming deficits stem above all from the fact that most americans are scheduled to receive far more in medicare benefits than they have paid in medicare taxes. you cite a shocking stat from the urban institute to back that up. i want to give my viewers this. a couple earning average wage who is retired in 2010 paid $88,000 into medicare, including the employer portion, by the way, that they didn t pay. that couple will receive benefits worth $387,000. david, medicare is the biggest ....

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