Smoking Gun: Obama Admits He Cut Billions from Medicare to Fund Obamacare

Townhall ^ | August 15, 2012 | Guy Benson

[cruise_missile]

We've been having some fun with a clip of David Axelrod angrily denouncing the fact that President Obama gutted Medicare by $700 Billion in order to partially pay for a brand new entitlement program. Axelrod's campaign colleague Stephanie Cutter refuted him on another show, calling the Medicare cuts an "achievement." But pay attention to the argument Axelrod makes here:

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Brace yourselves, Floridians -- I imagine you're going to see this exchange a quite a lot on your television screens over the next few months. Here we have Obama nonchalantly confirming that his unaffordable and unpopular healthcare transformation relied on hundreds of billions of dollars in Medicare cuts. He wasn't slashing $700 Billion out of (current, not future) Medicare to help that program remain solvent, mind you; he was, er, "re-allocating" that money to help construct a brand new entitlement scheme. The purpose of this eye-popping transfer of dollars, he says, was to ensure that Obamacare would not add a dime to the deficit. In the clip, he affirms that he would have vetoed any bill that added to the deficit, and pledged to bend the overall healthcare cost curve down. A few problems:

(1) Obamacare's price tag is almost double what Democrats said it would be over the first full decade of implementation.

(2) Obamacare does add to the deficit, despite the Medicare raid. (Paul Ryan exposed these accounting gimmicks at the healthcare summit)

(3) The national healthcare cost curve has actually been bent up, with costs expanding faster than if Democrats hadn't passed Obamacare at all.

(4) Medicare "as we know it" is still scheduled to become insolvent in 12 years, absent major reforms.

[4Liberty]

[freekitty]

Thanks.

[Just mythoughts]

Thank you for the ping.

Obama did say that old American grandmothers may only qualify to receive pills instead of procedures... that is depending on what his ‘death councils’ recommend. I cannot wait for Frank Luntz to round up some of those random so called ‘Independents’ and break this news flash to them.

[onyx]

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[khelus]

Thanks for the ping. With so much info flying about, it’s good to be reminded of this odious aspect of ObamaCare.

[SunkenCiv]

Thanks Las Vegas Dave.