But, Barack knows better. He and his allies in Congress have not been misled by mere facts. Indeed, they are so confident that they have even discovered that they can borrow more than $700 billion from the Medicare Trust Fund to help finance the Affordable Healthcare Act - commonly known as Obamacare - without affecting Medicare beneficiaries and their benefits!
How can they do this? The answer is that the Democrats plan to create a $700 billion surplus in the Medicare Trust Fund by eliminating waste and stopping abuses in the system. Let's assume this is true. Why then didn't they leave it there so that Medicare could continue many years past 2016 without going bankrupt?
There you go again. You're blinded by facts. Medicare isn't going bankrupt. If there are any shortfalls in Medicare, they can be covered easily by simply printing more money. Of course, I'm simplifying. Their proposal involves having the Treasury Department issue bonds and sell them to the Federal Reserve who will print the money. Also, they can tax the rich.
If you're a conservative, you may be screaming, "They can't do that!" Well, of course they can. They have. Many times. If you're a liberal, you may be nodding and thinking, "Yes, Obama is smarter than Ryan and everyone else." If you're someone else (I can't imagine who), you might be wondering where I got these crazy notions. Well, here are a few places you can find some of the data that I used:
- Senior Obama campaign adviser Robert Gibbs defended the administration’s record on Medicare from GOP attacks on Sunday, saying that Rep. Paul Ryan (R-Wis.) should “thank President Obama” for strengthening the program.
- A Summary Of The 2012 Annual Reports of the Social Security and Medicare Boards of Trustees
- Why you should ignore the Medicare Trust Fund, Forbes Magazine
- Why you shouldn't trust Medicare Trust Fund Accounting, Reason.com