Will Romney/Ryan end Medicare as we know it? Let’s hope so.

Great news from this weekend, Paul Ryan is Romney’s pick for VP. Great news especially if you want Paul Ryan to personally murder your grandma.

That’s what some people on the left would have you believe anyway. Paul Ryan wants to “end Medicare as we know it.” The way that the campaign is responding to that right now is basically “no we don’t.” That’s probably smart politically, but let me suggest another response. “Yup.”

Medicare, as we know it, is a complete failure.

Medicare, as we know it, can’t pay for itself.

Medicare, as we know it, covers health care costs for people like Bill Gates.

Medicare, as we know it, has over $38 trillion in unfunded liabilities.

Medicare, as we know it, is a program that spends five times what it was as a percentage of the economy in 1970. 

Medicare, as we know it, will become insolvent in 2024, five years sooner than previously estimated.

Obviously, this could go on and on.  But, the bottom line is this:

Medicare, as we know it…sucks.

The Romney-Ryan ticket should own Obama’s assertion that his plan “ will ultimately end Medicare as we know it.” Everyone acknowledges that Medicare is in serious trouble.  Whether you think we should go with Ryan’s plan or you’d rather just raise taxes only on Republican millionaires by 445,000%—we need to do something.  Even Barack himself used to think we needed entitlement reform.  

So, why are Democrats adding “as we know it” if they themselves acknowledge it has to be changed?  Because they used to just say Ryan would “end Medicare”— and even the left leaning media called them out.  It was even called Politifact’s lie of the year for 2011.

Politifact has been an ardent, if unlikely, defender of Ryan’s Medicare plan. They have set the record straight time and time again when big fat lying liars wearing pants on fire who lie say Ryan’s budget plan will end Medicare.

Politifact clarifies each time that “if you are 55 years or older already, your Medicare coverage would not change. And if you are younger, the Ryan plan would leave you with a different Medicare system, but one in which the government still played a big role in your health coverage.”  That’s not exactly an encouraging quote for conservatives, and it understates how much better Ryan’s plan is than the current one, but it does show how badly democrats have been lying.

Let’s pretend for a second we live in an alternate universe where these liars are right and Paul Ryan is just out to murder Medicare. In that world, we really don’t have to worry about Paul Ryan killing Medicare. Medicare, as we know it, is killing itself. 

But the Ryan plan would work. An early indicator:

For instance, on August 1, three Harvard researchers published a study in theJournal of the American Medical Association (you can find it here, but it requires a subscription) that used data from the Medicare Advantage program (a much more limited experiment in insurer competition in Medicare) to consider how the Wyden-Ryan reform would have worked if it had been in effect in 2009. They found that, “nationally, in 2009, the benchmark plan under the Ryan-Wyden framework (i.e., the second-lowest plan) bid an average of 9% below traditional Medicare costs (traditional Medicare was equivalent to approximately the tenth-lowest bid).”

“In other words, even under the very constrained competition of Medicare Advantage, in which prices are set by Medicare’s bureaucracy, the Ryan-Wyden approach would have reduced per-beneficiary spending by 9 percent in a single year while still providing seniors with the same comprehensive insurance coverage. With real competition through a bidding system, the reductions in the rate of the program’s growth over time could be enormous. And if those savings don’t in fact materialize, we would just end up where we are today — which is where Democrats seem to want to end up anyway.”

Yes, I know, the new campaign slogan “Death to Medicare! (As We Know It)” probably won’t catch on anytime soon.  But, Romney/Ryan shouldn’t run away from it.  The current debate is like saying “Asking Glenn Beck to lose weight would end Glenn Beck as we know him.”  Yes, it would.  But, that doesn’t make it bad.  Unless, of course, you run an ice cream company.

  • http://pulse.yahoo.com/_NXVHOJCQFWDDT3L5CX4DIHNOV4 Cathy

    Do the elderly know Obama stole $700 billion from Medicare for his socialized medicine bill.  Do they realize Obama is a habitual liar and Chicago thug, along with his campaign political hack, Axelrod?  No budget in five years from the liberal Senate. Obama’s priorities, condems and contraceptives before jobs and the economy.

  • new2la

    I am having a difficult time convincing my left leaning friends that Ryan is a good choice. They know Obama has to go. I was up this morning @5:00 am putting together a dossier on Ryan…..I think if it were a thesis paper, I would get an A. Wish me luck. I like Ryan…actually, better than I do Romney.

  • http://www.facebook.com/Gatlinboy Walter Gatlin

    Just tell your friends that Paul Ryan hasn’t lied to you.
    In fact I can’t find anyone whom he has lied too. But Obama on the other hand
    has lied hundreds of times (Video is all the proof) to millions of people. In
    fact he has lied to everyone concerned. Good luck. I don’t need it. I don’t
    have any Liberal friends. I am very happy in my little world of Conservative relations.  The minute I even smell that someone is a
    Liberal I never have anything to do with them again.  Just ask my son.  I haven’t talked to him in years. Good day.

  • Anonymous

    I like Ryan and give him credit for tackling a politically hard issue. His plan sucks, but its a place to start.

    That being said, Ryan will quickly have his back against the wall.
    Ryan’s Path to prosperity does not balance the budget for 26 years. He drives the national debt way up (yes slightly less than Obama), but he does not reduce it in our lifetime.

    Ryan voted FOR the Medicare Part D (Prescription drug plan) which ADDED $7 Trillion to Medicare’s unfunded liability.

    Ryan’s commitment to “nobody 55 and over will see a change” is also wrong. He is buying their votes. We all got in the mess and we all need to contribute to the pain in fixing it. There are millions in the 55 and over crowd that have the means to chip in their share. We are all Americans.

  • http://profile.yahoo.com/YXHAPK3XUPT7P4B7R4DJKSNK4Q J

    Let me get this right.

    Ryan is going to “change medicare as we know it”, AND he voted for the largest medicare expansion in history under George Bush.

    Oh yeah.   He also voted for the bank bailouts.

    Oh yeah.   He also voted to fund the Bridge to Nowhere.

    Oh yeah.   Ryan’s a “fiscal conservative”—LOL.

  • Anonymous

    Let me see. This year I am obliged to sign up for Medicare since my husband’s healthcare retirement benefits expire when I am 65. It sucks.
    Now if you gave me 2 choices – Ryan’s plan or Obamacare – I will have to say that with the Ocare, at 70 years of age I will not be given the same treatment for illnesses or diseases as a younger person. In fact, I will be given pain killers and sent home to die. Bad choice. This informationn came to me through a group of doctors who examined the plan and came up with this really sick information.
    Ryan’s plan leaves things just as they are. We have paid through the nose for Medicare – forced to do so because the government takes it out of our paychecks before we even see our money. We have been told for decades that the Medicare funds were so large there was no way that it could ever go broke. Well, I think that someone had their hand in our cookie jar because the money has just been stolen from the untouchable fund and we are left with a broken system. However, with Ryan’s plan, since we have paid in to this for 40+ years, we will continue to get the benefits as we were told. For my children, they will have choices about how they want to prepare for retirement. It won’t be a forced system. If you don’t trust the government (who in their right mind would!) then you have choices outside the federal system. Good news for all those under 54.
    I hope that Romney and Ryan will go out there and continue to talk positive, productive, informative information about something other than just one more round of stimulus (please, no one is buying this hype anymore. Been there, done that), its always someone elses fault, lies, lies, lies, attacks, dividing the country, racism, bigotry, ad nauseum.
    I am ready for some REAL hope and change. I see it in Ryan. I had serious doubts about voting for Romney. I was only going to vote against little o. Now my vote can truly be cast as a positive one.

  • http://www.facebook.com/marylou.kunze.5 Marylou Kunze

    I THINK ROMNEY AND RYAN ARE THE EXACT THING THAT WE NEED.  OBAMA HAS BORROWED BILLIONS FROM CHINA AND OTHER COUNTRIES AND TRIES TO COVER UP EVERYTHING HE DOES. WE ARE STILL WAITING FOR HIM TO PRODUCE A REAL BIRTH CERTIFICATE.  HE WANTS TO ROB US OF OUR MEDICARE AND SOCIAL SECURITY THAT THE WORKING MAN HAS PAID FOR TOWARD HIS RETIREMENT AND THIS FUND SHOULD NOT HAVE EVER BEEN USED FOR ANYTHIING ELSE. THAT IS THE WAY FDR. SET IT UP.  THERE ARE PEOPLE ON SSI THAT SHOULD HAVE NEVER BEEN PUT THERE ACHOLICS AND DRUG  USERS.  OBAMA, WOULD LIKE TO TAKE OUR MONEY AND GIVE MORE TO WELFARE AND MEDICADE. LET’S NOT EVEN LET HIM DARE TO TRY.   MARY LOU

  • sparducks

     Well put.

  • sparducks

     The war has just begun.

  • Anonymous

    The Obama reactions is the “deer in the headlights” syndrome.  He’s overwhelmed, he’s freezing.  He’d rather do nothing than fix it.  Obama will be a distant (but infuriating) memory when 2024 comes around.

    Everyone knows Medicare is broken.  Everyone knows it will run out of money.

    Everyone.

    It doesn’t matter how one spins it.

    We can do nothing and hit the deer, do something to avoid the deer or do something to make the deer move.

    If we do nothing and hit the deer it will be a bad day, week, month, year(s) for everyone, including the deer.

    Obama/Biden – The do nothing duo.

  • Anonymous

    lol you think you are funny? lets see, 4 more years of these clowns we have now..or take a chance on someone new? yea i think stumble and stammer has had their shot…it will take years to fix what they have broke…new direction all day long…even if goofy was running, i’d vote against obama!

  • mspatdev

    Ryan’s plan has been before Obammy for a long time in a special meeting, but Obammy didn;t like it. I assume he didn’t because he hasn’t brains to like anything that is to the good of the American people.  Ryan’s plan helps all of us. If you are older then 56 yrs. you keep what we have now. If you are under 55 yrs old, then you will get to choose what kind of a plan you want. How simple is that? Besides if something isn’t done soon, no one is going to have anything. Obammy has stolen trillions of money from Medicare and our Social Security. I tried to worn the people that if they elected Obammy the U.S.A. would be in shambles and LOOK AT THIS GREAT NATION it is falling apart. Obammy went to all the nations of the world and apologize to all of them that we weren’t the great nation, we were 3rd class. Obammy has put us there and he wants to be King. He has spent TRILLIONS OF DOLLARS, probably on his retirement and his CZARS and oh the media. What a disgrace he is and Look at our economy. Are you all happy the way the U.S.A. is right now?  I’m not, we are a far better nation than all other nations. This nation is a choosen nation above all nations.  Obammy wants to turn it into a Socialist, Communism, Far-Left suicide place to live. NO, NO HE IS NOT GOING TO DO IT. Obammy is a very selfish and conseeded person in the white house. Heaven help us if he has 4 more yrs. It will be worse then what it is now.       GOD BLESS AMERICA

  • Lioness

    You say you’re a conservative, so what’s your choice? Third party? If so, I guess your really interested in discovering what “fundamental change” Obama has in store for this country.

  • Anonymous

    All good points, Cathy.  Betcha you won’t find any of them mentioned in the LSM.

  • Anonymous

    Well, new21a, if your Maxine picture means you’re a woman—You go, girl!

  • Anonymous

    mariowen, Let’s hope Ryan can do a good sales job on showing the difference between

    his plan and Obamacare.   I have already felt what is coming down the pike when I had

    my last Dr. visit.  I was told, because of my age, a medication I had been taking was

    ”age inappropriate”  and I could no longer refill any prescriptions for it.      Though, with

    some of Obamacare kicking in, there are many routine exams for diagnostic purposes

    that are now free, ie. pap exams and mammograms for the women.

  • http://profile.yahoo.com/OYFRAXMMH3O3TDYTRDV3BL5V4Y craig

    Pual Ryan’s plan takes the same $700 billion out of medicare.  Pual Ryan himself said if the only part of the ACA Obama got right.

  • http://youtu.be/0iRCvDwF26Q Revan

    I think it would be a mistake to trust anyone at this moment. Could this guy be right it possible could they be next Regan maybe but I would like to know before I can vote for them. I refuse to vote if they are not what they claim to be so I am not making any decisions on this Mitt/Ryan until I hear the debates and they pass my test. I don’t really want another Mc Cain running the country any more than I do Obama.

  • Anonymous

    There is a saying “Father forgive them for they know not what they are doing”. You need a serious education on Medicare, its history and the finances.

    I hope Glen Beck takes on this challenge of educating you and other seniors about this program, how poorly it was managed and how you didn’t pay for it “fully”. How the money wasn’t “stolen” by the politicians but actually resides somewhere in your inheritance.

    You also don’t understand how they are “buying” your vote and how selfish it is to say that you deserve to keep Medicare as promised even though the facts show you didn’t pay for it.(One example – how did you pay for Part D – prescriptions?)

    Go to the Statement of Social Insurance (http://www.gao.gov/financial/fy2011/11frusg.pdf). You will find that just for those 65 and older, the projected medicare costs are $4.0 Trillion. If we gave you the entire Medicare Trust Fund balance of $.5 trillion, we are short $3.5 Trillion. Although the statement doesn’t provide the 55-65 yr old costs, it is most likely double that. Why should the 55 and under crowd sacrifice everything they put in to date AND fund another $10 trillion so you can get what the liars promised? That’s like saying all Americans should bailout the Madoff investors so they could get what was promised to them.

    The money went to your great grandma and grandma. Many of them got healthcare and NEVER paid a dime.

    We need politicians who are willing to tell the whole truth. Once people understand the whole truth we can come up with a reasonable and fair plan for all Americans, that shares the pain of this great lie.

  • http://twitter.com/SaraMCraig1 Sara M. Craig

    I think if it were a thesis paper, I would get an A. Wish me luck. I like Ryan…actually, better than I do Romney. http://HoursEnjoyMoneys.blogspot.com

  • Anonymous

    I pay for my own health care. I don’t have insurance. Don’t want it. Don’t want someone telling me what care I can and cannot have.

    I don’t get Medicare because I never worked at a job where they deducted it from my pay. Maybe I could get it; I don’t know or care. I don’t believe that I should get something that I didn’t pay for.

    But people who do want it and did/do pay for it should get it. And people who don’t want it should be able to buy whatever plan they want, that they find on the open market. Or not buy anything, if they want to pay for their own medical care. So when somebody says Paul Ryan wants to “end Medicare as we know it,” the correct answer is not only, “Yup” but, “Absolutely, yup — you bet, immediately, right now, etc.”

  • greywolfrs

    The moment Congress voted to put SSI and Medicare funds into the general fund is the moment this was going off the cliff. They took those funds out of the “savings account” and spent it. Now, we wonder why things are going under? If they had left those funds in those accounts it never would have went under.
    I have a better idea, get rid of both, as they are unconstitutional. Let me save my own money and invest it how I see fit. I am sure I can do a better job than the government.

  • Lioness

    Unfortunately with Romney I already appose his policy when he implemented government run health care in his state, that being said I do not have a choice, I can’t see our country handed over to the obvious socialist in office. Obama despises this country, he said as much many times over (it’s funny how my spell check always chooses Osama instead of Obama) anyway, Romney on his worst day couldn’t hate conservative views as much as the progressive liberals do. Third party is a vote for Obama (unless of course you were initially going to vote for Obama), but in your case I know that’s a big heck no. Voting on principal is great, and if it didn’t mean the total destruction of our country I’d say go for it. In this case a vote for Romney is in itself voting on principal (unless of course you could prove he was satin or something just as horrible, which I doubt).

  • greywolfrs

    That is a flat out lie. Paul Ryan’s budget cuts 642 billion from MEDICAID. You do know the difference between MEDICAID and MEDICARE, right?

    Here is proof, from the left wing rag known as the Washington Post…

    http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/13/paul-ryans-biggest-budget-cuts-are-to-medicaid-not-medicare/

  • Anonymous

     Please, Glen, Please educate them!

    The SSI/Medicare funds were NEVER put in the general fund.
    It was recorded as part of the budget to HIDE the TRUE deficit spending – that’s all.
    http://wiki.answers.com/Q/When_was_Social_Security_put_into_the_general_fund

    How can we have a proper debate if people are so brainwashed with misinformation?

  • Anonymous
  • http://youtu.be/0iRCvDwF26Q Revan

    I don’t hate Romney for he gave me no reason to and voting third party is as useful as car without wheels. I would rather eat cow crap than vote Obama Binladen. I can’t help it to look at both of the choices we have and just be a little scared for my countries future. The future my nephew would face and my future children. Sure Mitt is a little better than Obama. I don’t hate the guy he seems like a good guy in person but there are five things about him I am not so sure about it and until he can account for said things I don’t know if I can vote for him. I will be watching this race very very very very closely so I don’t miss it when he does or if. If you feel the need to vote for him I will not stop you and still respect you and call you friend. I will laugh my head off if Obama does lose just to shove it in the Dems face despite who ever I will feel about Mitt then.

  • http://twitter.com/AndywseSoo AndywseSoo

    like Joe answered I’m stunned that any body can earn $5032 in 4 weeks on the network. have you look this(Click on menu Home)

  • http://twitter.com/AndywseSoo AndywseSoo

    like…@greywolfrs:disqus ,
    goo.gl/p7FTS

  • Anonymous

    Andy,  please do me the favor of climbing your thumb.

    WARNING TO ALL POSTERS   VISIT THE LINK ABOVE AT YOUR

    PERIL        

    It’s one of those, where once you are on, will NOT easily let you go!

  • http://www.facebook.com/paul.dechent Paul Dechent

    Mariowen Check out his youtube video of Ryan explaining the problem to highschool students.  This is very easy to follow.  The portion on Medicare is at 1:50.  
    http://www.youtube.com/watch?v=rvS9cuKSutU

  • The Craig Machine

     By your own admission, the Collectivists from both sides have already won if you don’t have a choice. I would contend that you have limited your own choices to that of the Establishment and that is why you find yourself in this dilemma. This election game has always been geared to disenfranchise the voters into either not voting or going with the perceived flow of inevitability, aka Mitt Romney. I could easily make the case that the people voting for Romney are voting for the same system as Obama, in other words, voting for the status quo. Only difference is one driver has a lead foot.

    “In any compromise between food and poison, it is only death that can win. In
    any compromise between good and evil, it is only evil that can profit.” -Ayn Rand

    You said, “Voting on principal is great, and if it didn’t mean the total destruction of our country I’d say go for it”

    Frankly, that sounds like the same “logic” George W. Bush used when he said, “I’ve abandoned free-market principles to save the free market system”.

    Is it the people upholding this country’s founding principles fault that the majority is voting
    un-principled?
    Should we cave on these principles because others have and if so how does that save the country from total destruction?

    The next election (if there is one) is going to be just as dire if not more so. When if not now do we return to principle and what kind of country do we deserve if we so easily compromise with evil out of fear?

    “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”  -Benjamin Franklin

  • Anonymous

    Obama may say nice things about Paul Ryan in certain settings but it will not stop him from approving campaign advertisements that are devoid of fact and long on hysteria in an effort to convince seniors that he is their savior and the only one who will keep the money flow pumping. It takes no intelligence at all to run a lying ad and it is the normal tactic for Democrats. Harry Reid has demonstrated the abysmal levels to which they are willing to stoop in order to garner votes. In a move that would be considered unthinkable for a conservative, Reid first announced that a reliable inside source at Bain Capital called him (of course, he is nobly protecting his source’s anonymity…apparently he also thinks he is part of the mainstream media now, too) and he readily admits that he doesn’t know if there is any substance to the allegations at all, but he feels a responsibility to share the gossip with the American public. Of course, it MUST be true…after all, didn’t everyone at Bain capital have intimate knowledge of the contents of Mitt Romney’s personal tax return? Calling Paul Ryan a liar and telling senior citizens that Paul Ryan is determined to steal their benefits from them is mere child’s play. Lying is no problem since, for a liberal, there is no such thing as lying or hypocrisy. It is noble to sacrifice integrity in the pursuit of the purity of the “cause”. Mitt Romney and Paul Ryan’s names, families, beliefs, religion are all in for the beating of the century in the Obama campaign’s relentless campaign of class warfare. 

  • Lioness

    Problem is I have parents who are seniors who I love very much. I can’t have Obamacare (population control) in charge of their medical care. Yes they worked hard, prepared for the future, and can pay for supplemental forms of insurance, but my dad has cancer. I can’t vote third party and have Obama back in office, I rather stave off the inevitable if just for their sake. You can say that’s selfish and perhaps so, but I would prefer that libertarians continue to educate so perhaps we can have a better choice in the future (the progressives infiltrated so why can‘t we do the same?) I appose the idea of major revolutions, so many are hurt in the process, I would hope that we evolved beyond that sort of nonsense. But I definitely feel that we don’t have a lot of options at this point, it’s a shame we fell asleep for so long.

  • http://profile.yahoo.com/OYFRAXMMH3O3TDYTRDV3BL5V4Y craig

    Wrong, Ryan’s plan removes the same amount of money from Medicare plus $700+ billion from medicaid. That’s why the article you posted is titled

    Paul Ryan’s biggest budget cuts are to Medicaid, not Medicare.

    Biggest not all. From the same paper

    http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/14/ryans-budget-keeps-obamas-medicare-cuts-full-stop/ 
    this is a article written by Ezra Klein whom is quoted in the article you posted.

    The same amount is cut from either Obama or Ryan and neither use the saving for debt reduction. BTW do you considered an article in the Washington Post as proof?

  • http://youtu.be/0iRCvDwF26Q Revan

    I have a grandmother and I don’t want to see Obama care take affect any more than you do. I don’t know if Mitt would actually repeal it I just thankful he did pick Paul Ryan who if rolls where revised and he was running for president I would vote for him in a heartbeat because I can point to him and know where he stands and if I do vote for Mitt it will not be for Mitt but Paul Ryan. It got me thinking no way in hell will I vote for Mitt to a maybe like I said I have to watch the debates to see where they will go.

  • http://pulse.yahoo.com/_PGJZA6HFIZKBN42EZ6367GH6IM Ajean72

    Wikipedia and government run websites. Yes, we will blindly believe those. sarcasm of course.

  • Anonymous

    Notice to all:
    No links to show proof that Trust Fund balance does not equal Revenues collected by payroll tax plus interest accrued less benefits paid.
    Provide your links, not your sarcasm.
    An uneducated patriot is more dangerous to the movement than the sheep.

  • Lioness

    If I take Mitt at his word it would seem that he believes in states rights over the federal government, so even though I appose his government run health care in Mass., I still hope that he believes this is only plausible at a state level. This being said I want all social services managed by individual states, so I’m just going on his record alone and I hope he maintains his beliefs in office. I also hope he values the counsel of Paul Ryan, I believe him to be a decent economist and constitutional conservative.

  • http://youtu.be/0iRCvDwF26Q Revan

    I pray your right because I got a feeling he is going to win.

  • HeretoSpeak

    I found an interesting YouTube that gives some good information.  It looks like the Left thrives on misinformation, not only to others but among themselves!

    http://www.youtube.com/watch?v=2TTzFwkEgQc

  • greywolfrs

    The problem with your argument is that putting into the the general budget means they can easily spend the money on other things than SSI, therefore, it may not be officially part of the “general fund,” it is and has been used to pay for things other than SSI. That is the point, whether you like the manner in which it is stated or not. Now, you can try to argue that it has not been spent, but if it had not been spent, it wouldn’t be broke. (along with allowing people who never paid in to collect, such as illegal immigrants) Now, tell me that they are not allowing that either. It only takes simple math to realize that.

    P.S. Roosevelt made a lot of promises he could never back up, in the name of getting the people to go along with this B S, nothing more.

  • greywolfrs

    No, actually, I do not find the Washington Post to be creditable. Besides, I never said it didn’t cut anything from Medicare, I simply stated that the “700 billion” was from Medicaid, not medicare. I can see you have reading comprehension problem…

  • Anonymous

     My argument was the problem was NOT that they put SSI/Medicare “on budget”. From Day one the Trust Fund money was “borrowed” to pay for other things. The Trust fund is required by law to be invested in Treasuries. (For those who complain about wiki. answers, here’s it in writing from the precious Natl Review (http://www.nationalreview.com/corner/260503/social-security-and-general-treasury-whos-raiding-whom-veronique-de-rugy)

    You are correct, we spent not only the Trust Fund for SSI ($2.7 Trillion) and the Trust Fund for Medicare ($.5 Trillion) but we also spent an addl $13 Trillion more than we took in).

    Go find the Statement of Social Insurance. This is where they report info on the fund. The actuaries computed that based on the current program, just for those who are 62 and older on SS we need $4 Trillion in current dollars to keep the promises. If we were kind to give them the ENTIRE Trust Fund balance of $2.7 Trillion, we are still short. The Trust Fund represents an acctg of all payroll taxes taken in, plus interest accrued less payments made.

    They have mismanaged this fund for years. Recent example? Prescription Drug coverage, put in without a payroll tax increase. Did you all think the money tree was paying for it? And BTW, “fiscally conservative” Ryan voted for it. Its a $7 T spend.

  • Anonymous

    For the record, I do not buy into the arguments in the article cited (Natl review). Social Security Trust Fund is owed $2.7 Trillion rightfully. Yes, it is cashing in those Treasuries now, but it has a right to do so. The “budget” can’t quietly use its surpluses for years and then loudly complain about the deficits it creates.

    But if you think lowering taxes is the answer, its not. In order to pay back the debt or get it down to a reasonable level, we are all going to have to pay for the sins of the past – massive overspending on a lot of things for a long time. We need to probably raise taxes and drastically cut spending to get out of this hole sometime in our lifetime or your grandkids will be serfs.

  • http://profile.yahoo.com/OBC2QU3SRXUKB6KC4YD24UX2ZU Shannon

    You should get your facts straight and quit listening to Glenn Beck and Rush Limpdick.
    Obama’s plan saves the country $716 billion in Medicare over the next 10 years by:
    Cutting overpayments to Medicare Advantage, private insurers who said they could do Medicare better and have proven they only do it more expensively.There are NO CUTS in benefits to seniors. In fact, all the money saved goes back into health care. Some goes to help seniors pay for prescription drugs and afford wellness visits, preventive care and cancer screenings

  • http://profile.yahoo.com/OBC2QU3SRXUKB6KC4YD24UX2ZU Shannon

    You have your facts wrong…

  • http://profile.yahoo.com/OBC2QU3SRXUKB6KC4YD24UX2ZU Shannon

    Romney /Ryan plan will milk the Medicare system, cut taxes on the rich,more loopholes for the wealthy……..Middle class will be destroyed under these two clowns
    OBAMA 2012 !
    YEAHHH BABYYYYYY!

  • greywolfrs

    First, I do not see how 2.2 trillion dollars per year is not enough for the Feds to run, if they only used the money for the specific powers that the Constitution grants them. Second, it is not the “sins” of the people (most of them anyway) that are the problem, it’s the sins and greed from elected officials. Let those billionaires pay it back. Third, a large portion of the debt is a lie and if we had an actual audit of the Federal Reserve, people would see that.

    On another note, I have n o children, nor will I. I have never wanted children,besides, my 11 older brothers and sisters have plenty, 42 in total. they are the reason that I am doing what I am doing. They are the reason that I am so involved in all of this. There are four of them serving over seas as we speak. My mistake, two just got home and two are still in Afghanistan.

  • greywolfrs

    I do not really care about Ryan, as I will not vote for any establishment lackey. I will be voting for Ron Paul or Gary Johnson.

    My comment was simple, something needs to be done and we need to start somewhere. Almost ALL of the other people in Washington do not have the balls to even try. Ryan’s plan may not be the best, but there are not really may of them out there and we NEED to start somewhere.

  • Anonymous

     Obama’s plan cut $716 B from Medicare. During Obamacare he used those savings to put $30 million on Medicaid. If you remove Medicare from the CBO cost estimates for Obamacare than he didn’t pay for Obamacare – that is Obamacare is not deficit neutral without cuts to Medicare.

    You probably don’t understand there is currently a $40-50 Trillion unfunded liability for Medicare. The Trust Fund should have about that amt in order to pay out the benefits, but the Medicare trust Fund currently has only $500 Billion – way short.
    Drink some more kool-aid.

  • Anonymous

    First, $2.2 Trillion is enough to perform constitutional functions but we went way off the constitutional powers along time ago. Both SS and Medicare are unconstitutional along with many of the programs.

    Second, in a representative republic the sorry fact is that we elected them, like it or not. We complain and then re-elect them, over an over again. “We the people” need to be held accountable for their sins.
    Third, you are partly right. The interest portion of the debt is unnecessary. But we also overspent, just look at this years budget deficit subtract interest and we overspent. Yes I signed many petitions to Audit the Fed and protested outside their bldgs.

    We have much in common. I have no kids, my four sisters have plenty and I am doing this for both your siblings kids and my sisters kids. My nephew just got back last week after a year in that God awful place called Afghanistan. So happy he is out of there:)

    We need to work with the truth for it will set us free.

  • Anonymous

     I voted for Ron Paul in the primary. He won’t be running in the general so I will vote for Gary Johnson.
    As I said, I give Ryan kudos for putting the issue on the table. But his plan needs a LOT of massaging and should not be accepted as is. And he is a lackey – otherwise he would have never voted for Medicare Part D.

  • greywolfrs

    I do not disagree with your statement, I was simply saying that MOST of the people in Congress do not even the balls to put ANYTHING forward. His plan is far from being perfect or even the end of the issue, but one must give the guy a bit of credit for trying something…ANYTHING.

  • greywolfrs

    I think the first problem is that we have gone away from those specific powers granted to the Feds. If we went back to that, there would be plenty of money to pay for the things granted to them and pay the debt down. The moment we went to the central banking system is the moment we started paying interest to use our money, because Congress and the president decided to give the private bankers control of our currency.

    I did not vote for for these people, but I agree that the people who did need to be held accountable. As much as I hate to say, most people are voting for their entitlements now, not what is best for the country.

  • Anonymous

    tinyurl.com/cyk9xz2

  • Anonymous

     greywolfs:
    We are basically on the same page.
    Someone sent me this article today.
    http://lewrockwell.com/north/north1187.html
    It makes some of my points in a better way.
    well worth the read.

    Understanding the unfunded liabilities and how they got so large is important. I wish Glen would take on this matter. I would have more respect for Ryan if instead of just saying “the current system is unsustainable”, he would educate the people on why and how. Then we could actually come to understand what solutions are best to fix it and why it is correct to say both SS/Medicare ARE entitlements and why it has to change.

    It has been good chatting with you – And to the Republic, for as long as it stands…

  • greywolfrs

    That is a good article and explains things is a very real way. It’s too bad that most Americans have been dumbed-down by our education system and would never understand that. Both are unconstitutional entitlements, it’s just getting the electorate to understand that. Ron Paul has tried to explain these things, but has been called every name in the book, from crazy to kook. Most people do not have a firm grasp of the math involved to understand that, at some point, the system IS going to collapse. When that happens, there WILL be another civil war. I firmly believe that is going to happen sooner, rather than later.
    Have faith, real patriots will restore this Republic back to what the Founding Fathers had envisioned…

  • Anonymous

    Romney/Ryan will make changes in Medicare as we know it; however, Obama has already changed it under Obamacare. The affordable care act (obamacare) stipulates that all seniors who do not have an income greater than 4x the poverty level will be taken out of Medicare and placed into MEDICAID. For a single person that amounts to approximately $65000. I think that there must be a lot of folks who fall into that hole. (verified this with my state senator who is in charge of Medicaid for state of ga. ). Additionally, Obama has built into all coverage that for anyone 75or older will have to have all medical treatment/ procedures approved by Obama’s board prior to delivery of services (a change from today’s Medicare. MDs are concerned for emergency procedures which cannot wait for burocrats rats. Penalties for physicians who treat without Obama board approval are grave. I suppose we should ask mr Obama to explain his plan in depth! Seniors get Obama out before it is too late!,,,

  • http://www.facebook.com/elizabeth.marciano Elizabeth Marciano

    President Obamba used that money to extend Medicare for the families that can’t afford to have medical insurance, many or shall I say most of those families have children. Many are senior citizens and many have pre exsisting illnesses. Most odn’t have medical insurance. You should be happy for this andlove the human race instead of complaining about it. I hope someday you never get sick!

  • http://www.facebook.com/elizabeth.marciano Elizabeth Marciano

    But he puts that money into the pockest of the Insurance Comanies so they can get their big bonuses and into the pockets of the rich. That is the difference between romeny and Obamba

  • http://www.facebook.com/elizabeth.marciano Elizabeth Marciano

    The democrates acknowledge Medicare needs a change yes, but not to put the money into the rich millionairss pockets, that’s the difference between Romney and Obamba!

  • Anonymous

    First off since i can tell you that you haven’t studied your argument. Families don’t get medicare they receive medicaid. So with Obama care you don’t get free health insurance what happens if you go to the doctor and you don’t have your own insurance you get fined (or should i say taxed).. if you’re over 55 nothing changes medicare(medicare is for the retired 65 or older) stays the same with no changes with the ryan plan. However, currently Obamacare has taken 716 billion dollars so far from medicare to help pay for Obamacare next year is projected at about 1.5 trillion…… so if you think you’re going to get free medicaid under Obamacare you are far from understanding the facts… you still need to purchase your own insurance and if you don’t – you get fined…..Taxed…  So if you don’t pay your health insurance one month expect a letter from the I.R.S. with your fine… if you don’t pay it they’ll probably take it from your paycheck or your tax return….. Congratulations you just got screwed by Obama !!!!

  • Anonymous

    Obama took 716 billion dollars from medicare get your facts correct read the CBO, off hand i think it’s on page 14..

  • Anonymous

    Romney/Ryan plan has no change for anyone over 55…… is that to hard for you to understand… or is your tv stuck on MSNBC.

  • SoThere

    My guess is that her TV is stuck on MSNBC.

    Funny stuff. LMAO

  • Sandie

     More like stuck on stupid

  • Sandie

     Obama is stealing from Medicare to fund Obamacare.  Ryan’s
    plan  is designed to SAVE Medicare. No money is going into the pockets of the rich – that is left wing propaganda – a lie.

     Obamacare is destroying Medicare as show here:

    According to the CBO (see link later), the Obama payment cuts in Medicare include:

    A $260 billion payment cut for hospital services.A $39 billion payment cut for skilled nursing services.A $17 billion payment cut for hospice services.A $66 billion payment cut for home health services.A $33 billion payment cut for all other services.A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.$56
    billion in cuts for disproportionate share hospital (DSH) payments.*
    DSH payments go to hospitals that serve a large number of low-income
    patients – the very people it is supposed to help. $114 billion in other provisions pertaining to Medicare, Medicaid, and CHIP* (does not include coverage-related provisions).

    *Subtract $25 billion total between DSH payments and other provisions
    for spending that was cut from Medicaid and CHIP.In total, Obamacare
    raids Medicare by $716 billion from 2013 to 2022. Despite Medicare
    facing a 75-year unfunded obligation of $37 trillion, Obamacare uses
    the savings from the cuts to pay for other provisions in Obamacare, not
    to help shore up Medicare’s finances or help seniors
    ,
    Ryan/Romney put the money back into Medicare. Do a little research next time. July 24, 2012 CBO report:

    http://www.cbo.gov/sites/defau

    http://blog.heritage.org/2012/

    http://www.cbo.gov/sites/default/files/cbofiles/attachments/43471-hr6079.pdfhttp://blog.heritage.org/2012/08/01/obamacare-robs-medicare-of-716-billion-to-fund-itself/

  • AdamAnt

    I fail to see much of a distinction…

  • Anonymous

    I really hope  things will turn around when Romney and Ryan is in office. Thank you for providing such good info on what is going on.

  • http://profile.yahoo.com/PDGMBVS42X2PC4FJRL5JZ43ZJA Larry Vinyl

    Does the Ryan plan allow for the increases someone would see in their premium rates? If so, to what extent? Does it follow the actual increases or is it simply formulaic? I’m concerned my that my out of pocket expense will increase faster than my vouchers would. Will there be any stipulations set forth for providers that allow for coverages in cases where there may be pre-existing conditions? Will there be anything preventing insurance companies from denying coverages thereby making my vouchers worthless? Pardon my ignorance, but these are important questions for me.

  • http://www.facebook.com/dick.hatzenbuhler Dick Hatzenbuhler

    During the debate over Obamacare, people would often say that we should have the same health care that our congresspersons get. They can choose from several plans furnished by various private companies. That is, they have a voucher program. Now the Democrats are saying what a terrible thing it would be if we had a voucher program. Nothing has changed but the politics.

  • http://www.facebook.com/dick.hatzenbuhler Dick Hatzenbuhler

    Remember back a couple years, debating about Obamacare, people said we would be OK if we could just get the same health care that our Congresspersons get? They can choose from among plans furnished by various private companies. They have a voucher system, and everybody envies them. How is it that now “voucher” seems to be a dirty word, and that terrible Mr. Romney might make us put up with that – except for old folks like me who are already on Medicare. It’s hard to see how Romney is so terrible on this issue; could it be that the Democrats are trying to fool us again?:-)