Posted by patriotslog
Medicare. Mention the word at a dinner party, and you will engender some of the most passionate and diverse opinions available to public debate. Google it and you get 106 million results. Yet both presidential candidates are attempting to reduce it to a few sound bites. I am not going to attempt to summarize the Medicare program; last time I did that for a candidate it took me several thousand words of jargon that amounted to less excitement than a party with your in-laws extended family. All you need to know is this: Mitt Romney says Barack Obama is lying, and Barack Obama says Mitt Romney is lying. The irony in it is that they are both right.
“It aint right.” Four years ago that was President Obama’s stance on an $800 billion cut to Medicare. Now, Obama proposes a cut from Medicare that will add 8 more solvent years to the program. At $716 billion, that is the most expensive, and hypocritical Band-Aid in history. President Obama claims it to be a fix, that the money is targeting waste and fraud, and that retirees will not lose any coverage or benefits. What he does not say is that it will be used to pay for the massive spending that will come from Obamacare; not a penny will cut the deficit. Read the rest of this entry →