This is David Axelrod on ABC’s This Week, talking about the $700 billion ObamaCare takes from Medicare to pay for health insurance for non-seniors:
Let’s talk about the $700 billion. Congressman Ryan, what he doesn’t say is that he’s incorporated that same $700 billion into his plan, so he’s embraced exactly what the president’s done. The difference is the president is trying to strengthen the Medicare program. Under the changes that the president made, seniors are getting more prescription coverage and preventive care. We extended the life of Medicare by eight years, according to the Congressional Budget Office.
Ah, but Ryan would apply the $700 billion to deficit reduction, removing future pressure to make even more Medicare cuts. President Obama, on the other hand, would spend every penny. How do you help Medicare by robbing Peter to pay Paul? You don’t. Here is Chris Jacobs:
The non-partisan CBO said that the Medicare reductions in ObamaCare “will not enhance the ability of the government to pay for future Medicare benefits” — because those savings will be used to fund other unsustainable entitlements. If the President wants to use the Medicare savings provisions to extend the life of the Medicare trust fund — and not to fund the new entitlements created by the law — the Congressional Budget Office previously estimated what the fiscal impact would be: “A net increase infederal deficits of $260 billion” through 2019.