TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Keith Hennessey charts future growth in spending compared to growth in taxes:

That’s about as scary as things get. Spending growth is almost entirely due to entitlement spending — Social Security, Medicare, and Medicaid. Entitlements are driving us toward financial ruin.

The graph makes this choice quite clear: either we significantly cut spending, or we raise taxes precipitously, on all members of society.

Reforming Social Security and Medicare are the most important challenge for the U.S., yet Democrats will soon pass law which will add more subsidies to the system. They are pushing us down the latter path.