These misinformed voters will just believe the next lie and blame Bush again.
Check it out:
All right, here’s what we think we know. Section 5000(a)(f) of the Internal Revenue Code — and that’s where you have to go to find out a Medicare provision for Obamacare — section 5000 of the Internal Revenue Code says minimum essential coverage — health care — can consist of either, A, government sponsored coverage, such as the Medicare or Medicaid, or, B, an eligible employer sponsored plan. Well, this guy’s losing that, so if he’s got Medicare or Medicaid, he’s covered. However — and there’s always a kicker — Medicare, don’t forget, has been cut to the bone by Obamacare in order to so-called make it fit in under this trillion-dollar magic number cost. Remember the $500 billion Medicare cuts.
Well, what that means in practical application is that Medicare coverage is being cut to the bone, and you cannot, starting in October, you can’t buy Medicare Advantage ’cause it’s been cut. I think the Medicare Advantage cuts commence in October, for those of you who even know what it is, Medicare Advantage. It’ll no longer be allowed. Now, to make you feel even better, Medicare doesn’t have any money. You’ve heard that we have a $16 trillion national debt approaching $17 trillion. Well, part of that is that Medicare’s unfunded liability, meaning the amount of money pledged to qualified recipients now stands at $43 trillion. That’s about three times the size of today’s economy.
A Wall Street Journal article points this out today, a story by John Goodman and Laurence Kotlikoff: “Medicare by the Scary Numbers.” So Obama cut Medicare by $700 billion and then tried to double recount it elsewhere. But remember Romney talking about it all during the campaign, trying to get the low-information voter, “Look, Obama has cut Medicare $500, 700 billion,” whatever it was. Well, the bottom line is that Medicare’s unfunded liability, meaning what is currently pledged to the American people when they hit the age of eligibility for it is $43 trillion. And we don’t have it. The national debt is approaching $17 trillion, the unfunded Medicare liability.
Social Security is in a similar boat. That’s why there’s been all the talk about the need for entitlement reform, which the regime is saying (raspberry) to. Wall Street Journal, not my number, their story. Forty-three trillion unfunded. So the bottom line, get ready for that to be pulled out from under you at any time, and then force you over to some exchange. Anything can happen. That’s why I don’t want to sit here and tell you for sure when you call here, “I’m losing my health coverage at my trucking company in August, what’s gonna happen to me?”Continue reading on www.rushlimbaugh.com