This slide is the best thing you’ll read on the budget debate

Ezra Klein: This slide is the best thing you’ll read on the budget debate

"One note: ‘Current law’ includes sequestration. That means that it includes deep cuts to both defense and domestic spending. As such, the spending cuts in the Senate Democratic plan are deeper than I think this slide would lead you to believe."

That aside, this single slide cuts through a lot of Washington’s nonsense in the budget debate. The Republican budget is usually criticized for voucherizing Medicare, but that proposal doesn’t take effect for 10 years — if it ever takes effect at all. In the next decade, their budget is based on truly massive cuts to everything except Social Security, Medicare and defense. The Democratic budget achieves less total deficit reduction but stabilizes and reduces the debt by modestly increasing taxes and modestly cutting spending."