Robert Samuelson Says That Young People Are Subsidizing Peter Peterson's Interest Payments on His Government Bonds

Just kidding, in a piece noting high levels of youth disengagement from the labor market (neither employed, nor looking for work) Samuelson complains:

"Those with jobs subsidize their usually better-off elders through Social Security and Medicare payroll taxes."

Of course workers pay for these benefits. On average workers pay slightly more for their Social Security than the benefits they can expect to get back in retirement. They pay less than the cost of Medicare benefits, but this is becaus...