Tick Tock: Obama's Countdown To Medicare's Bankruptcy - GOP
Rather Than Fix Medicare, Obama Took Over $700 Billion From It For ObamaCare Obama Told ABCs Jake Tapper That One-Third Of ObamaCare Is Funded By Cuts to Medicare. ABCs JAKE TAPPER: One of the concerns about health care and how you pay for it one third of the funding comes from cuts to Medicare. BARACK OBAMA: Right. TAPPER: A lot of times, as you know, what happens in Congress is somebody will do something bold and then Congress, close to election season, will undo it. OBAMA: Right. ( ABC News , 11/9/09)
■Obama Deputy Campaign Manager Stephanie Cutter Bragged About ObamaCares Cuts To Medicare. CUTTER: Well, you know ask the wealthy to pay a little bit more. Cut waste from the government. Reform Medicare. More than $300 billion in savings from Medicare. On top of the savings weve already achieved. You know I heard Mitt Romney deride the $700 billion cuts in Medicare that the president achieved through health care reform. (CBS Face The Nation, 8/12/12)
Obama Doesnt Have A Plan To Address Medicares Fiscal Challenges
When It Comes To Deficit Reduction And Entitlement Reform, President Barack Obama Has Been A Master Of Mixed Signals. (Carol Budoff Brown, Glenn Thrush and David Nather, Showtime For President Ambivalent About Deficit, Politico, 4/12/11)
■Treasury Secretary Timothy Geithner Admitted The Administration Doesnt Have A Definitive Solution To The Long-Term Problems Posed By Our Entitlement Programs. REP. PAUL RYAN: Because we got 10,000 people retiring every day, and healthcare costs going up TREASURY SECRETARY TIMOTHY GEITHNER: Thats right. We have millions of Americans retiring every day, and that will drive substantially the rate of growth of healthcare costs. You are right to say were not coming before you today to say we have a definitive solution to that long-term problem. What we do know is, we dont like yours. ( Testimony Before The House Committee On The Budget, U.S. House Of Representatives, 2/16/12)
The Trustees Of Social Security And Medicare Predict That Medicares Trust Fund Will Be Exhausted In 2024. The estimated exhaustion date for the HI trust fund remains at 2024, the same year shown in last years report. As in past years, the Trustees have determined that the fund is not adequately financed over the next 10 years. (2012 Annual Report Of The Boards Of Trustees Of The Federal Hospital Insurance And Federal Supplementary Medical Insurance Trust Funds, The Boards Of Trustees, Federal Hospital Insurance And Federal Supplementary Medical Insurance Trust Funds , 4/23/12)
Rather Than Fix Medicare, Obama Took Over $700 Billion From It For ObamaCare Obama Told ABCs Jake Tapper That One-Third Of ObamaCare Is Funded By Cuts to Medicare. ABCs JAKE TAPPER: One of the concerns about health care and how you pay for it one third of the funding comes from cuts to Medicare. BARACK OBAMA: Right. TAPPER: A lot of times, as you know, what happens in Congress is somebody will do something bold and then Congress, close to election season, will undo it. OBAMA: Right. ( ABC News , 11/9/09)
■Obama Deputy Campaign Manager Stephanie Cutter Bragged About ObamaCares Cuts To Medicare. CUTTER: Well, you know ask the wealthy to pay a little bit more. Cut waste from the government. Reform Medicare. More than $300 billion in savings from Medicare. On top of the savings weve already achieved. You know I heard Mitt Romney deride the $700 billion cuts in Medicare that the president achieved through health care reform. (CBS Face The Nation, 8/12/12)
Obama Doesnt Have A Plan To Address Medicares Fiscal Challenges
When It Comes To Deficit Reduction And Entitlement Reform, President Barack Obama Has Been A Master Of Mixed Signals. (Carol Budoff Brown, Glenn Thrush and David Nather, Showtime For President Ambivalent About Deficit, Politico, 4/12/11)
■Treasury Secretary Timothy Geithner Admitted The Administration Doesnt Have A Definitive Solution To The Long-Term Problems Posed By Our Entitlement Programs. REP. PAUL RYAN: Because we got 10,000 people retiring every day, and healthcare costs going up TREASURY SECRETARY TIMOTHY GEITHNER: Thats right. We have millions of Americans retiring every day, and that will drive substantially the rate of growth of healthcare costs. You are right to say were not coming before you today to say we have a definitive solution to that long-term problem. What we do know is, we dont like yours. ( Testimony Before The House Committee On The Budget, U.S. House Of Representatives, 2/16/12)
The Trustees Of Social Security And Medicare Predict That Medicares Trust Fund Will Be Exhausted In 2024. The estimated exhaustion date for the HI trust fund remains at 2024, the same year shown in last years report. As in past years, the Trustees have determined that the fund is not adequately financed over the next 10 years. (2012 Annual Report Of The Boards Of Trustees Of The Federal Hospital Insurance And Federal Supplementary Medical Insurance Trust Funds, The Boards Of Trustees, Federal Hospital Insurance And Federal Supplementary Medical Insurance Trust Funds , 4/23/12)