Updated an old story on Ladies Logic http://t.co/STGziaBcWF it seems the Labor Law Center didn't like being an expert on the subject
I have to admit, it has been rather humorous to watch President Obama attempt to re-write his own recent history. During yesterdays appearance to the White House press corps, the President (in speaking of the Romney campaign) said "You just can't make stuff up". THIS coming from the man whose campaign (and campaign surrogates) have accused his opponent of a) committing a felony, b) causing a woman to die of cancer and c) being a tax cheat. What makes it most humorous is that the vast majority of his own biography is made up (but I digress).
One of the things that has the President's feathers ruffled, is the Romney campaign's claim that ObamaCare has already gutted $716 billion from Medicare....something the President admitted in a 2009 interview with ABC's Jake Tapper.
In a November 2009 interview with ABC News’ Jake Tapper, Obama acknowledged that a third of the funding for ObamaCare came from cutting Medicare.
ABC’s Jake Tapper: “One of the concerns about health care and how you pay for it: third of the funding comes from cuts to Medicare.”
President Obama: “Right.”
Even worse....if Congress tries to restore that funding.....
Tapper went on to ask Obama whether he would allow Congress to repeal or patch the Medicare cuts as it does every year with the so-called Doc Fix, a measure designed to ensure adequate reimbursement payments are maintained to doctors who care for patients covered by Medicare.
Obama said that his Medicare cuts were permanent and that he would never allow Congress to repeal them.
Tapper: “Are you willing to pledge that whatever cuts in Medicare are being made to fund health insurance – one third of it – that you will veto anything that tries to undo that?”
Obama: “Yes. I actually have said that it is important for us to make sure this thing is deficit neutral, without tricks. I said I wouldn’t sign a bill that didn’t meet that criteria.”
Except that it is not deficit neutral according to the CBO, but I again digress.
The Washington Post's Ezra Klein has more on the cuts. He even admits (and shows how) the Romney campaign is CORRECT in saying that. Which is one reason why the DEMOCRATS are actually more vulnerable on this issue than the GOP is.
The conventional wisdom on the state of the 2012 presidential race is that, thanks to his endorsement of the House GOP Budget and his selection of Paul Ryan to be his running mate, Mitt Romney has opened himself up to one of the Democrats' favorite attacks -- fear-mongering over Medicare, or "Mediscare."
This consensus is wrong; instead, the Democrats are much more vulnerable on this issue in 2012.
Why is that?
First, consider the context of the Medicare program, which is currently putting out more money than it is taking in. Within the next few years – nobody is quite sure how long – the Medicare Hospital Insurance (HI) Trust Fund is going to go broke. And, this is not “going broke” in the same way Uncle Sam does; whenever that happens, he just borrows (or, in the age of Quantitative Easing, prints) more. Not true here. When the HI Trust Fund goes broke, we’re going to see cutbacks in payments.
The list goes on at the source.
All of which goes to show just HOW vulnerable the President is on this supposedly "made up" issue. Which is one reason why he has to claim that it is a "made up" issue. That is the only way he has to attempt to defuse the issue. The problem with that is, the American people remember recent history enough to understand that this version (not the Presidents attempt at revisionism) is correct.
Which is yet one more reason why this President is already in deep, deep electoral trouble.