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Liberty in Context
It's good to see the moral implications of sticking our kids with a huge debt spelled out. You seem to give discretionary spending a pass, even though that's where most of the pork and waste occurs. Then you lump Social Security, which works, in with Medicare, which is broken.
It would seem the best way to proceed is cut out all pork first, then fix Medicare, and if things still look bad, work on Social Security.
Maybe you should use the Cato Link instead of the Philadelphia Inquirer one that requires registration.
When you and I disagree about how much is "strictly necessary" (and we do), how much may you and your fellows justly take from me? If you are entitled to take anything then you have no principled objection to make when others take for what they consider "necessary".