Oh, good grief. Look at that.
“In the words of Sesame Street, one of these spending components of the long-run budget plan is not like the others; one of these entitlements is not the same; can you spot which one?” writers at Zero Hedge joke.
As the above chart — based on the CBO’s Updated Budget Projections: Fiscal Years 2012 to 2022 and a Bank of America Merrill Lynch Global Research report — illustrates, the answer is painfully, shockingly clear.
Maybe this is why Ryan is so insistent on having a debate on Medicare reform.
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Front page photo courtesy the AP.