Obama’s Failure To Provide Real Solutions And Leadership Will
Guarantee The Bankruptcy Of Medicare
THE TRUSTEES FOR MEDICARE AND SOCIAL
SECURITY REPORT THAT OUR ENTITLEMENT PROGRAMS ARE GOING BROKE FASTER THAN
PREVIOUSLY THOUGHT
Social Security and; Medicare
Trustees: Medicare’s Trust Fund Will Be Exhausted In 2024, Five Years Earlier
That Predicted Last Year.
“Medicare's trust fund will run dry in 2024, five years earlier than forecast
just last year, and Social Security's will be exhausted by 2036, adding fuel
to the debate over cutting one or both programs to reduce annual budget
deficits.” (Richard Wolf, “Medicare, Social Security Running Out Of Money
Faster,” USA Today, 5/13/11)
When The Trust Funds Run Dry, Medicare Benefits Will Be Cut By At Least 10%, And By 25% In 2045.
“If the trust
funds run out, the programs no longer would be able to pay full benefits. …
Medicare could pay 90% starting in 2024, dropping to 75% in 2045.” (Richard
Wolf, “Medicare, Social Security Running Out Of Money Faster,” USA Today, 5/13/11)
The Trustees Projections For
Medicare Are “Suspect” Because They Depend On Savings From ObamaCare That Are
Unlikely To Materialize. “The Medicare
figures are suspect, because they rely on billions of dollars in savings
projected under the health care law signed by President Obama last year.
Those savings depend on many factors, such as cuts in payments to doctors
that Congress habitually sidesteps, as well as improvements in doctors' and
hospitals' productivity.” (Richard Wolf, “Medicare, Social Security Running
Out Of Money Faster,” USA Today, 5/13/11)
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YET, PRESIDENT OBAMA HAS REFUSED TO
SUBMIT A PLAN FOR PREVENTING INSOLVENCY
“Obama Has Long Resisted The
‘Entitlement Reform’ Movement.”
“Obama has long resisted the ‘entitlement reform’ movement, which is
currently focused on establishing a blue-ribbon commission that would present
Congress with a finished proposal -- presumably calling for steep cuts in the
nation's bedrock social safety programs -- for an up-or-down vote.”(Dan
Froomkin, “Obama’s Sense Of Entitlements,” The Washington Post, 2/20/09)
President Obama’s FY2012 Budget
“Declined To Propose Major Changes To Social Security, Medicare Or Medicaid.”
“Even as the administration said it
wants to reduce the deficit by more than $1 trillion over the next 10 years,
it declined to propose major changes to Social Security, Medicare or
Medicaid, which combined account for more than 40 percent of federal
spending.”(Perry Bacon Jr., “In Third Year, Obama Proposes A More Modest
Course,” The Washington Post, 2/14/11)
“The White House Hasn’t Posted A
Plan, And The President Called For Creating Another Group, Led By Vice
President Biden And Congressional Leaders, To Come Up With Legislation.”(Mark Murray And Domenico Montanaro,
“Obama’s First 2012 Campaign Speech,” MSNBC’s “First Read,” 4/13/11)
Obama Has “Steered Clear Of Fundamental
Changes To Medicare, Medicaid And Social Security — The Primary Drivers Of
Future Spending.” “In his most
ambitious effort to claim the mantle of deficit cutter, Obama proposed sharp
new cuts to domestic and military spending, and an overhaul of the tax code
that would raise fresh revenue. But he steered clear of fundamental changes
to Medicare, Medicaid and Social Security — the primary drivers of future
spending.”(“Breaking News Alert: Obama Unveils Plan To Reduce Borrowing By $4
Trillion Over The Next 12 Years,” The Washington Post,
4/13/11)
The Chicago
Tribune: “If Not The
Ryan Plan, Democrats, Then What?”(Editorial,
“What Real Leaders Do,” The Chicago Tribune,4/5/11)
· USA
Today: “Democrats Have Already Begun To Demonize The Ryan Plan, But Where
Is Theirs?”(Editorial, “Dems Bash GOP Budget, But Where’s Theirs?,” USA Today, 4/6/11) Source:
Republican National Committee Research. www.gop.com
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