Pure Gold: Obama Blasts Medicare Cuts to Fund New Healthcare Program

by alexvanbuskirk

Pure Gold: Obama Blasts Medicare Cuts to Fund New Healthcare Program

By Guy Benson @ Townhall (August 21, 2012)

Lefty “fact-checkers” are tripping over one another to declare this Romney/Ryan criticism of The One a “myth” (in a stunningly deceitful piece) and “half true,” but Obama cannot escape the empirical fact that he has, in fact, cut hundreds of billions from a program “already facing a looking shortfall” in order to fund his unpopular, unaffordable and destructive Obamacare power grab.  Team Obama can scream “lie!” until they’re blue in the face.  That won’t change the reality that President Obama has admitted to these Medicare cuts on national television, and that his Deputy Campaign manager touted the cuts as a presidential “achievement” as recently as last week.  The new Lefty spin is that the Medicare cuts aren’t really “cuts” per se, because (a) they merely reduce the rate of increase in Medicare spending (which liberals always label as cuts — see the video above), and (b) they won’t affect Medicare beneficiaries anyway.  On the first point, welcome to our world, Lefties.  Live by “cut” demagoguery, die by “cut” demagoguery.  Tough.  As for the second item, it’s simply not true.  But don’t take my word for it; listen to the non-partisan government actuaries who spelled this out plainly throughout the Obamacare debate.  Here’s the chief Medicare actuary, Richard Foster, admonishing Congress about Obamacare’s impact on seniors back in 2010: ‘Providers for whom Medicare constitutes a substantive portion of their business could find it difficult to remain profitable and, absent legislative intervention, might end their participation in the program (possibly jeopardizing access to care for beneficiaries). Simulations by the Office of the Actuary suggest that roughly 15 percent of Part A providers would become unprofitable within the 10-year projection period as a result of the productivity adjustments.’

In short, one out of every six hospitals and nursing homes that primarily serve Medicare recipients would go out of business, due to Obamacare’s Medicare cuts.  Those are cuts to current seniors…

We now know that four million current seniors are expected to lose their Medicare Advantage, thanks to the Obamacare cuts.  FactCheck.org also dismissed Obama’s promise that today’s seniors would be unaffected by his Medicare axe as “fiction” in 2010.  Again, these cuts and savings weren’t deposited into the Medicare trust fund to help shore up our nation’s faltering promise to seniors.  They were double-counted to partially pay for a brand new, gigantic entitlement program.  That’s the only way Obama had a prayer of assuring Americans Obamacare wouldn’t add to the deficit with a straight face.  That “deficit neutral” fantasy hasn’t come to fruition either, of course, but the Medicare cut double-counting was a key to the charade at the time.  This comes as no surprise to Congressional Democrats, who repeatedly voted down Republican efforts to prevent the Medicare cuts from occurring in the first place.