[CWuestefeld]

Your link doesn't support your claim -- the costs of wages and pensions aren't even shown in it.

That's probably because your claim is incorrect. Consider:

http://srph.it/bpv3RU - The deficit facing U.S. public pension funds will grow to $2 trillion, according to an interview that the chairman of New Jersey's pension fund, Orin Kramer, gave to the FT. "Estimates of aggregate funding requirement of the US pension system have ranged between $400bn and $500 bn, but Mr Kramer's analysis concluded that public funds would need to find more than $2,000bn to meet future pension obligations."

http://www.globalaging.org/pension/us/2010/analysis.htm - The multibillion-dollar pension funds that promise to pay lifetime benefits to millions of the USA's retired teachers are more than $900 billion in the red, a new analysis shows. ... Actually, Pew said, the $1 trillion figure "likely underestimates the bill coming due" because it doesn't fully reflect "severe investment declines" in 2008.

http://www.globalaging.org/pension/us/socialsec/stanford.htm - (noting that this refers to California, rather than Federal) "The simulation shows that the state would need to invest more than $200 billion, and possibly as much as $350 billion, today to return the fund to a minimum responsible level of funding," said Bornstein, who noted that the figure is approximately four times the current state budget.