The one chart showing why these fiscal patches are meaningless

by Ryan Streeter on January 1, 2013. Follow Ryan on Twitter.

Some interesting charts here, especially this one on health care spending:

Without completely reconstituting the healthcare marketplace, our long-term fiscal situation will remain dire indeed. For one thing, as everyone with a calculator knows, raising taxes on people earning $400k and up won’t make a dent in the costs that this trend implies.