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Republican U.S. Presidential candidate Mitt Romney (L) introduces U.S. Congressman Paul Ryan (R-WI) as his vice-presidential running mate during a campaign event at the retired battleship USS Wisconsin in Norfolk, Virginia, August 11, 2012.  REUTERS/Jason
The Romney-Ryan Medicare Fraud is backfiring
The centerpiece of Mitt Romney's Medicare strategy is his claim that President Barack Obama "raided" $716 billion from the Medicare trust fund to pay for Obamacare. But that's not true: the Medicare savings achieved by President Obama actually protect the trust fund, extending its solvency by eight years without impacting the quality of care offered to seniors. And as the New York Times' Jackie Calmes reports, Mitt Romney's pledge to repeal those cuts means he would break another Medicare promise: that he won't touch Medicare for people 55 or older.
The 2010 health care law cut Medicare reimbursements to hospitals and insurers, not benefits for older Americans, by that amount over the coming decade. But repealing the savings, policy analysts say, would hasten the insolvency of Medicare by eight years — to 2016, the final year of the next presidential term, from 2024.

While Republicans have raised legitimate questions about the long-term feasibility of the reimbursement cuts, analysts say, to restore them in the short term would immediately add hundreds of dollars a year to out-of-pocket Medicare expenses for beneficiaries.

How much would those costs go up?
Marilyn Moon, vice president and director of the health program at the American Institutes for Research, calculated that restoring the $716 billion in Medicare savings would increase premiums and co-payments for beneficiaries by $342 a year on average over the next decade; in 2022, the average increase would be $577.
The reason why premiums and co-payments would go up under Romney's plan is common sense: by increasing payments to providers, Romney's plan drains the Medicare trust fund more quickly than the president's plan (which also has the virtue of already being law). That money needs to be made up somehow, so to keep the same level of coverage, Medicare beneficiaries would be on the hook for the difference.

But as obvious as this is, Romneyland professes ignorance:

“The idea that restoring funding to Medicare could somehow hasten its bankruptcy is on its face absurd,” said Andrea Saul, a spokeswoman for the Romney campaign.
As is so often the case with Romneyland, that is exactly wrong: reducing spending on Medicare extends its solvency. To suggest otherwise is on its face absurd.

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Comment Preferences

  •  Ok So was this Phil Gramm's "plan" (14+ / 0-)


    L Ron er um Glenn Hubbard's?

    The 1st Amendment gives you the right to say stupid things, the 1st Amendment doesn't guarantee a paycheck to say stupid things.

    by JML9999 on Wed Aug 22, 2012 at 08:18:37 AM PDT

  •  Is anyone here surprised? n/t (7+ / 0-)

    The victorious strategist only seeks battle after the victory has been won, whereas he who is destined to defeat first fights and afterwards looks for victory.

    by Pacifist on Wed Aug 22, 2012 at 08:19:48 AM PDT

  •  Medicare for all. /nt (11+ / 0-)

    Don't roof rack me bro', Now the brown's comin' down; Präsidentenelf-maßschach; "Nous sommes un groupuscule" (-9.50; -7.03) "Ensanguining the skies...Falls the remorseful day".政治委员, 政委‽ Warning - some snark above ‽

    by annieli on Wed Aug 22, 2012 at 08:21:06 AM PDT

  •  The real story here (12+ / 0-)

    is that its a real story on the FP of the Times.  That's a step in the right direction.

    Finding Fred A Memoir of Discovery @

    by Timothy L Smith on Wed Aug 22, 2012 at 08:22:18 AM PDT

    •  Really. The sooner seniors understand (3+ / 0-)
      Recommended by:
      desert rain, eps62, OleHippieChick

      How vulnerable they are to cuts from the GOP the better.  The Romney/Ryan plan cuts benefits to Seniors (reopens drug donut hole, eliminates wellness visits, raises co-pays) while giving more money to insurance cos by restoring Medicare Advantage subsidies.  And they will have to cut benefits further to support their voucher system, which further benefits insurance cos.

      The scientific uncertainty doesn't mean that climate change isn't actually happening.

      by Mimikatz on Wed Aug 22, 2012 at 09:12:10 AM PDT

      [ Parent ]

    •  I wish I could take heart in such coverage... (6+ / 0-)

      but here in Pittsburgh yesterday, Mr. Ryan was giving full throat to "an enthusiastic crowd" of an estimated 1,500 people with statements like, "I'm a Catholic and a hunter, and I'm not giving up my guns OR my religion."

      Honest to got two guys who

      (A) have released absolutely NO details about what their plans are for a budget (what cuts would you make in tax breaks to balance your budget after all the tax cuts you plan to give)...or energy (Romney at a fund raiser in Texas says he will be announcing his plan but "there are media here so I am not going to talk about it now.") or Medicare (which parts of his and Ryan's plans for this he actually supports) and

      (B) not disclosed anywhere near as much information on their tax returns including highly questionable IRA investments by Romney and possible lawbreaking use of a Swiss account and

      (C)  won't respond to mounting third-party findings that their plans for a budget just don't add up...

      (D) produced a Medicare plan with vouchers which a majority of Americans don't like.....

      (E) have announced policies which are anathema to African Americans, Hispanics, women, seniors and college students....

      and yet nearly half of America thinks they would be better for the economy and seem to be ignoring the reality of what they would be facing if these liars manage to get hold of the levers of power.

      I sometimes despair....

      Free markets would be a great idea, if markets were actually free.

      by dweb8231 on Wed Aug 22, 2012 at 09:14:21 AM PDT

      [ Parent ]

  •  Up is down. North is south. We were always (8+ / 0-)

    at war with Eurasia. Bring on the Etch-a-sketch.

  •  Oh Silly Jed (4+ / 0-)
    Recommended by:
    spooks51, desert rain, eps62, Bernie68

    the "base" (and they are indeed base) will simply disregard the facts because they are being reported by that notorious librul rag -- the New York Times -- hopefully, the more intelligent voter will stop and think, "well if that is true, they must be lying to me . . . AGAIN."

  •  Your title is the whole point… (8+ / 0-)

    you can't justify eliminating something beneficial to so many just because you are a social Darwinist. You have to first say you are going to fix it, then effectively destroy it in stages. The word voucher needs to be in every other sentence about this – it's already a suspect concept that needs to be targeted. Heck, if the Republicans didn't like vouchers so much, you would see them working their "magic" turning it into a dirty word.

    I'm voting for the UPPITY ONE

    by qua on Wed Aug 22, 2012 at 08:27:03 AM PDT

    •  The GOP is the party of destruction. W/Cheney (4+ / 0-)
      Recommended by:
      ivorybill, eps62, tb mare, politicalceci

      paved the way for eliminating the programs that have made the country great and enabled commercial growth never before seen on the face of the earth.  Their extremism in commercializing absolutely everything will not stop until we are paying to open our windows to take in the air owned by the US Air Corp.

      Romney went to France instead of serving in our military, got rich chop-shopping US businesses and eliminating US jobs, off-shored his money in the Cayman Islands, and now tells us to "Believe in America."

      by judyms9 on Wed Aug 22, 2012 at 09:04:38 AM PDT

      [ Parent ]

      •  It's a bust-out (4+ / 0-)
        Recommended by:
        eps62, tb mare, OleHippieChick, judyms9

        I read Thomas Frank's book The Wrecking Crew a few years ago, and he pretty much nails it.  We are dealing with an organized bust-out from the inside.  Romney plans to do to the US government what he has done with so many businesses he's taken over.

        It doesn't hurt that their donors will profit by this at everyone's expense, but there is a scary quasi cult-like aspect to this that is discouraging and really scary.

        “If the misery of the poor be caused not by the laws of nature, but by our institutions, great is our sin.” Charles Darwin

        by ivorybill on Wed Aug 22, 2012 at 09:33:05 AM PDT

        [ Parent ]

  •  Congratulations are now an official (1+ / 0-)
    Recommended by:
    tb mare

    card-carrying member of the lamestream media.....LOL

  •  In the GOP's eyes (1+ / 0-)
    Recommended by:

    This is a feature, not a bug.

    Shorter Randroids: libthinkers unbellyfeel randspeak. a.s. film doubleplusgood.

    by Surreal American on Wed Aug 22, 2012 at 08:28:23 AM PDT

  •  Look at all that man love!!!! No wonder he (5+ / 0-)
    Recommended by:
    shoeless, TKO333, eps62, tb mare, Bernie68

    chose Ryan. So he can fawn over those baby blues

  •  Surely as pure a (2+ / 0-)
    Recommended by:
    MartyM, eps62

    version of cognitive dissonance if ever there was. And we are voting to see if they actually get to hold office.

    If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.

    by plato 451 on Wed Aug 22, 2012 at 08:30:58 AM PDT

  •  Can Obama effectively sell the truth? (7+ / 0-)

    Stay tuned.

    Also, when your opponent is a brazen, blatant liar, you can also use that fact against him.  Just saying.


    by GOPGO2H3LL on Wed Aug 22, 2012 at 08:31:33 AM PDT

  •  So (1+ / 0-)
    Recommended by:

    as things are now, Medicare goes insolvent in 2024?

    •  It's fixable if Obama gets a congress that (2+ / 0-)
      Recommended by:
      eps62, tb mare

      will work with him.  Part of the solution is in the ACA.

      Romney went to France instead of serving in our military, got rich chop-shopping US businesses and eliminating US jobs, off-shored his money in the Cayman Islands, and now tells us to "Believe in America."

      by judyms9 on Wed Aug 22, 2012 at 09:08:27 AM PDT

      [ Parent ]

      •  The fix (0+ / 0-)

        Does the fix have any direct relation to whatever Romney/Ryan might do, or is it part of a different discussion?

        •  Since the problem is partly a distortion of facts, (0+ / 0-)

          the fix may be different than we think. The NYT this morning had an intersting explanation of where the $716 billion came from, which was that Obama was using the ten years starting in 2010, and the Rs are using the ten years starting 2013, assuming into their number the three additional years from 2010 to 2013, which of course makes the number larger. Different baselines.

  •  Divide and conquer (5+ / 0-)

    What I don't understand is how anyone who is age 55 and over really thinks that Romney won't mess with their medicare.  Of course, he say he is just "restructuring" it for those under 55, but, once he does that, he'll certainly come back and go after those that are over 55, one way or another.  Its call "divide and conquer".

    Just remember, his plan is the GOP plan, get the government out of Medicare and Social Security.  They philosophically oppose these programs because they are incredibly selfish and greedy.  They can't just do it all at once, so they will carve it up into pieces and come back and shred up the individual pieces.  

    First they are proposing vouchers which will cover approximately $6500 a year. Then, they will later freeze or cut the amount of the vouchers, due to budgetary constraints.  They will also greatly increase copays for older seniors already on Medicare, and reduce payments to providers so much that providers won't want to take on Medicare patients.  They will also start cutting out services that Medicare covers.

    It might take a little longer this way than by just ending it all at once, but, the final result will be the same.  The GOP wants to increase defense spending and cut taxes, and let us be more beholden to corporate America.  

    We need to educate voters.  First, we need to let them know how little a $6500 voucher will cover.  Anyone who gets really ill for a year or two knows that the bills go into the hundreds of thousands of dollars.  We are a wealthy nation and can certainly afford to cover medical coverage for our citizens.

    In a country that voted for Reagan and Bush, nothing surprises me, but, if the GOP takes over this time around, they will savage what is left and return us to being a third world nation.

    •  'GOP gives a SHIT about Medicare' is a tough sell (2+ / 0-)
      Recommended by:
      TKO333, eps62

      but they'll give it the old college try.

    •  Yes, indeed, and the final stage of the (2+ / 0-)
      Recommended by:
      eps62, OleHippieChick

      process is issuing the patriotic and "free" cyanide capsule that one can wear inside a US flag lapel pin or locket and then ceremoniously taken by groups of seniors based on their birthdates.  The US Marine Corps band will play in the background with Romney/Ryan saluting the new flag, the one with the big dollar sign on it.  House rethugs will urge folks to their feet from their sofas or church pews and praise them for taking one for the country.

      Romney went to France instead of serving in our military, got rich chop-shopping US businesses and eliminating US jobs, off-shored his money in the Cayman Islands, and now tells us to "Believe in America."

      by judyms9 on Wed Aug 22, 2012 at 09:15:32 AM PDT

      [ Parent ]

  •  This isn't actually quite right (3+ / 0-)
    Recommended by:
    TKO333, judyms9, eps62

    "The reason why premiums and co-payments would go up under Romney's plan is common sense: by increasing payments to providers, Romney's plan drains the Medicare trust fund more quickly than the president's plan (which also has the virtue of already being law). "

    While it's kind of true,

    the point that is being made is that when reimbursement rates to providers go up, the 10% or whatever that seniors have to pitch in goes up proportionally.

    Sure, when RomneyRyan bankrupt Medicare in 2016, seniors will get bent over and legitimized,

    but as soon as those reimbursement rates go up, senior out of pocket goes up too, even before bankruptcy.

  •  What is wrong with these people? (6+ / 0-)
    “The idea that restoring funding to Medicare could somehow hasten its bankruptcy is on its face absurd,” said Andrea Saul, a spokeswoman for the Romney campaign.
    Are they just too damn dumb to understand the difference? Or, are they flat out lying to us?  I suspect the latter, but not sure which is worse.
  •  please please please (2+ / 0-)
    Recommended by:
    MartyM, eps62

    stop confusing people with the facts, the alternative is much more acceptable to the ignorant in our society.

  •  The facts from AARP: share with seniors... (8+ / 0-)

    ... On second thought, share with everyone.

    The law does not make any cuts to the amount of benefits beneficiaries receive and adds some new benefits, including closing the “doughnut hole” gap in Medicare prescription drug coverage, and new preventive services, such as an annual wellness visit with a physician.
  •  Nate Silver Says..... (4+ / 0-)
    Recommended by:
    a2nite, TKO333, Sybil Liberty, eps62

    Romney appears to be gaining in swing states.  Elizabeth Warren is trailing Scott Brown by 5 points in the latest polling.

    As unbelievable as it seems, they may get in the WH & take the Senate.  I would have thought Medicare vouchers would have done them in.  Or their inept, lying campaign.
    Perhaps not.

    I'm getting really scared.  Gulp!

    •  If you read Silver's analysis (3+ / 0-)
      Recommended by:
      pamelabrown, this just in, eps62

      he says that the movement for Romney appeared to be a residue of the VP announcement bounce...such as it was, and reflects the fact that Romney is advertising heavily in swing states.

      I would hope these events would inspire people to think about getting off the internet and going down to the offices of their local democratic parties turn their anxiety into action.

      The Obama ground game....and organizations like move-on are inside the Swing States, working to fight voter suppression for example.   Canvassing and registering voters is a lot more effect than phone banking.

      Working in swing districts in your own state is good as well.  

      If you are scared, then doing something is better than sitting there and posting concerns when there is serious work to be done.  

      And by the way, the Obama Ground game never actually shows up in the polls....except the one with really matters.

      •  I'm Hardly Sitting Around & Just Posting Concerns (3+ / 0-)
        Recommended by:
        Sybil Liberty, judyms9, eps62

        I've done the serious work, & have every intention of continuing to do so.  I hit the streets, donated & doorbelled all over the place for President Obama in 2008.

        I've already volunteered at Democratic headquarters.  They know me there.  I've already donated to the President, Planned Parenthood, Elizabeth Warren & Jay Inslee.  I'd say my "anxiety" is manageable.....I'm just saying I don't like the recent chatter.  

        •  me either (0+ / 0-)

          "Show up. Pay attention. Tell the truth. And don't be attached to the results." -- Angeles Arrien

          by Sybil Liberty on Wed Aug 22, 2012 at 09:10:57 AM PDT

          [ Parent ]

        •  Having observed (1+ / 0-)
          Recommended by:

          the meltdown which occurred in online circles when Palin was introduced and became a sensation, I have seen first hand how damaging group anxiety is when dealing with a political campaign.

          Also, after decades of being close to someone who was a polling professional, I learned a couple of things about how to approach polling:

          1.first of all,  it take weeks to develop observable trends.

          2. Most people aren't political junkies, and they are barely aware at this point what the Ryan plan means, with regard to vouchers.

          3. State polls are less reliable than national polls. (it has to do with how numbers are randomly generated)

          4.  And nobody will really know what is going on until after the Democratic convention.

          And even then, seeing the thing come together will require one to take into account stuff which never shows up in the polls.  

          Polling organizations really have done a lousy job in defining, for example, what a likely voter it....

          So living and dying on the polling, especially in races which we know will be close, is just playing a internet game, where people make up the rules as they go along...

          My concern is strictly the ground game.   We can counter the voter suppression with people, well trained....going into the swing states and making sure our people get ids and get registered.

          I am sorry you took what I said personally, but my concerns are solutions.  And getting to them...

  •  Nice reporting from NYT (2+ / 0-)
    Recommended by:
    Nailbanger, eps62

    Now if only we could get "swing voters" to stop watching Shark Week long enough to pick up a newspaper...

  •  That R&R photo... (2+ / 0-)
    Recommended by:
    shoeless, eps62

    why don't they heterosexually kiss, already.

    It seems curiosity has killed the cat that had my tongue.

    by Murphoney on Wed Aug 22, 2012 at 08:43:27 AM PDT

  •  The Romney campaign knows this is a lie but (3+ / 0-)
    Recommended by:
    shoeless, TKO333, eps62

    they will keep repeating it. Not because they want the American public to believe it necessarily but because they hope it will muddy the water sufficiently to prevent them from having to talk about their own plan.

    Conservatives seem to believe that the rich will work harder if we give them more, and the poor will work harder if we give them less. E.J. Dionne

    by blueyescryinintherain on Wed Aug 22, 2012 at 08:44:05 AM PDT

  •  didn't they agree to the changes? (4+ / 0-)
    Recommended by:
    shoeless, TKO333, judyms9, eps62
    The 2010 health care law cut Medicare reimbursements to hospitals and insurers
    I do know that insurance companies were charging taxpayers more and more for Bush & Repubs' Medicare Advantage that was suppose to compete with Medicare.
    Only 20% of Seniors have Med. Adv., mostly wealthy, and if they want more coverage than traditional Medicare they should pay for it themselves, since Medicare beneficiaries were paying more to offset Med. Adv.

    "Tax cuts for the 1% create jobs." -- Republicans, HAHAHA - in China

    by MartyM on Wed Aug 22, 2012 at 08:44:18 AM PDT

  •   I find this... (1+ / 0-)
    Recommended by:
    DSPS owl
    The 2010 health care law cut Medicare reimbursements to hospitals and insurers, not benefits for older Americans
    somewhat misleading.  While there is no explicit cut in benefits, what happens when providers stop seeing people on Medicare due to the low reimbursement rates?  My sister-in-law works for a Dr. and said they stopped accepting Medicare patients 3 years ago because they lose money when they see them.
  •  All of the Ryan/Romney proposals have one thing (3+ / 0-)
    Recommended by:
    pamelabrown, OleHippieChick, eps62

    in common:  They channel money to Romney and his cronies.  The tax plans lower Romney's taxes.  The Medicare plan diverts money to the rich by taking from the elderly.   Al Capone wasn't as obviously criminal as these two R's.

  •  Romney/Ryan Ending Medicare for all (4+ / 0-)
    Recommended by:
    pamelabrown, this just in, shoeless, eps62

    The Ryan Medicare plan absolutely will affect people currently on Medicare.   If you implement the Ryan/Romney plan, Medicare risk pool will stop growing and start shrinking, you do damage to how Medicare works.  First, you increase the risk in the pool and drive up cost by stopping younger healthier seniors from entering the plan.  Second, as the pool shrinks Medicare, It loses power to dictate reimbursement rates.  Doctors will begin to drop Medicare patients because not only will the volume of patients no longer justify the low reimbursement rates, but those left in the pool will be older, sicker and more expensive to treat.  The program that they say will be in place will not only become much more expensive to maintain then projected, but it will collapse on itself.

    Beware current Seniors, you’re being lied to by Mitt Romney and Paul Ryan.

    End Medicare for All

  •  I'm sayin' it! (3+ / 0-)
    Recommended by:
    politicalceci, eps62, This old man
    Keep your hands off my newly improved Medicare!"
    Since the first of this year, under the provisions in Obamacare, my Medicare benefits have improved (free screenings and preventive care) and my costs to date are already lower by roughly $250. (note: at this point, I rarely take prescription drugs so that isn't factored in - or the savings might be far greater)

    I'm saying it again: Thank you Mr. President!

    just a reminder to recipients that IF Big and Little Rat manage to steal this election, you will take a huge hit the very minute they manage to repeal Obamacare - on "day one" as Big Rat promised -which is what they're ALL about.

    "Show up. Pay attention. Tell the truth. And don't be attached to the results." -- Angeles Arrien

    by Sybil Liberty on Wed Aug 22, 2012 at 09:19:49 AM PDT

  •  Under R/R the young and complacent need (2+ / 0-)
    Recommended by:
    OleHippieChick, eps62

    to invest in granny pods now because they will have to take in their senior and handicapped relatives or look away when they pass them doubled over in the street.  I already have my "Dickens' USA" tee shirt.

    Romney went to France instead of serving in our military, got rich chop-shopping US businesses and eliminating US jobs, off-shored his money in the Cayman Islands, and now tells us to "Believe in America."

    by judyms9 on Wed Aug 22, 2012 at 09:23:15 AM PDT

  •  Ahhh gaah, that picture....#DoubleHorselaugh (2+ / 0-)
    Recommended by:
    eps62, Cairns

    rMoney: Just another jerk, lookin' for work.

    by OleHippieChick on Wed Aug 22, 2012 at 09:36:43 AM PDT

  •  Medicare (3+ / 0-)
    Recommended by:
    OleHippieChick, eps62, This old man

    Most people don't realize that payments for Medicare Part B are automatically deducted from their Social Security checks each month.  Your SS benefit checks would be $100 per month higher.  This means my spouse and I are paying $2400 a year into Medicare, not counting the payroll deductions during our working years.  We each have a $250 deductible each year PLUS a 20% co-pay.  I suspect that most youngsters under 65 do not realize this, nor do many recipients currently on Medicare.  Our politicians don't seem to want to remind anyone of this.

  •  They're not only trying to mess with grandparents. (2+ / 0-)
    Recommended by:
    eps62, This old man

    Their nefarious plans also play chicken with the bank accounts of older moms and  dads.

    The point that they are making with these suggestions should piss even Mr. and Mrs. Everyday American off--that is if they can look away from "Dancing With The Stars" long enough to notice.

    We've got to stop them before they finish Bush's act of total destruction of America's infrastructure. What the GOP candidates are discussing are overkill.

    "Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." --Benjamin Franklin

    by politicalceci on Wed Aug 22, 2012 at 09:43:46 AM PDT

  •  Pew Poll: Americans KNOW Ryan's Plan, Disapprove (1+ / 0-)
    Recommended by:

    By a margin of 15%, Americans disapprove of Ryan's Medicare plan. Not only that: 72% of Americans know about the plan. And they don't like it.

  •  AS My Wishful Thinking Bumper Sticker Says... (1+ / 0-)
    Recommended by:
    This old man

    Help Us End Medicare.
    Help Us End Soc. Security.

    Romney/Ryan 2012

    Imagine a few million of those bumper stickera on the highways of Florida, Arizona, Ohio, Colorado, North Carolina and all the swing states.

  •  I have been appealing to the Obama team to produce (1+ / 0-)
    Recommended by:

    a simple brochure to send to EVERY American household--delivered by our USPS that bullet-points in very simple, concise language the immediate benefits of the ACHA.

    The media obfuscates it, and the GOP lies about it--I don't understand why the Administration should not produce a mass, direct mail of something people can hold in their hands and read just how much things will improve with the ACHA.

    That the population at large becomes fully aware of what benefits will begin to take place, or worse--actually start to experience the benefits--is the GOP's WORST fear.  They are trying their very best to keep that from happening.  The media is compliciting aiding the obfuscation and misinformation they are receiving.

    Why can't the Department of Health or some official agency finance a full and complete dessimation of this information to the public at large?  People don't look it up--they rely on the media--and they ARE NOT doing a good enough job of informing the public.  In the meantime, Ryan and Romney go unchallenged on their lies.  How they were able to grab hold of the $7B cut and make it a bad thing for Obama (when it is the very opposite of a bad thing) is very disappointing.  How they continue to wrest the narrative from the Dems is a constant frustration.

    So far, I'm not getting anywhere on getting anyone on Team Obama to consider this proposal except for a very nice e-mail from a policy director giving me all those bullet points that SHOULD be on the brochure itself.  People shouldn't have to ASK for that information.  It should come in their mailbox.

    I'm going to keep trying, though.

    If the plutocrats begin the program, we will end it. -- Eugene Debs.

    by livjack on Wed Aug 22, 2012 at 10:16:55 AM PDT

  •  So, someone help me out here, please... (1+ / 0-)
    Recommended by:
    This old man

    If the premise is that no one over 55 y/o will be affected by changes to SS and Medicare and that those under 55 y/o will have choices..... then just who will be contributing to SS and Medicare to continue to pay for the costs of those two programs?

    Am I missing some important concept? Because the way I see it -- this proposal won't do anything but bankrupt the two programs within a few years.

    Setting aside the the fact that I don't like Romney/Ryan, setting aside the fact that I've never voted Republican and most likely never will ..... how does their proposal make any financial sense at all? To me it's so obvious, so why isn't it obvious to anyone over 55 y/o??

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