Why do Republicans keep lying to the American people about Obamacare? Won't the GOP ever learn? " Ryan, March 10: What we also say is, end the raid of Medicare from Obamacare. You have to remember, all of that money that was taken from Medicare was to pay for Obamacare. We say we get rid of Obamacare, we end the raid and we apply those savings to Medicare to make Medicare more solvent and extend the solvency of the Medicare trust fund.<quoted text>
YOu mean the TEA Party.
The RINOs are no different than the Democrats who think ObamaKare is great for us but don't want any part of it anywhere near themselves.
The biggest plus for keeping ObamaKare to the Democrats (including RINO Democrats) is it is a fantastic vehicle for taxation to generate revenue that can be used for any other purpose other than ObamaKare. There is nothing in ObamaKare that mandates the taxes collected by ObamaKare be used to implement ObamaKare.
You people were duped... a-f**k*ng-gain.
The problem is, the Affordable Care Act can’t take money away from Medicare. Instead it reduces the future growth of Medicare spending — primarily Medicare Part A, which is funded mainly by payroll taxes. We explained Part A’s financing in an Aug. 24 piece titled “Medicare’s ‘Piggy Bank.’”
The payroll taxes collected can’t be taken away from Medicare; instead, just as Ryan says his plan would do, savings from reduced spending are applied to Medicare to “extend the solvency of the Medicare trust fund.” The program doesn’t take in enough in taxes to pay for current benefits, so spending less than was expected in the future boosts Medicare’s finances.
When Medicare doesn’t need to spend payroll tax money right away, that money goes into the Medicare Part A trust fund. In lieu of the dollars, Medicare receives a Treasury bond that it can cash in anytime it wants. Treasury must pay the bond, even if it has spent the original money on something else (which is often the case).
So Obama simply can’t take this money away from Medicare."Check this out: http://www.factcheck.org/2013/03/gop-budget-r...