At the beginning of his administration, Obama homed right in on Medicare, which he wanted to fix by reducing the overall cost of health care in this country. He risked everything - some would claim he lost everything - by being so single-minded.
One line I'd draw would be on raising the eligibility age for Social Security and Medicare. It sounds fair, since people are living longer. But it isn't. Lower income workers are the ones who find it hardest to keep working after 65. And they'll get penalized with lower benefits.
The true enemies of Social Security and Medicare are those who defend an imploding status quo.
The mortal enemies of Social Security and Medicare are those who, in contempt of the plain arithmetic, continue to mislead Americans that we should change nothing.
However, the Medicare prescription drug benefit has changed, and if the nearly 3,000 seniors I have met through 12 town halls can represent a sample of opinion, many seniors do not yet understand the prescription drug program and do not plan to sign up for coverage.
If Republicans eliminate Medicare, America will become a country in which you can never retire - and once you physically can no longer work, you are desperately poor until you die.
The Medicare Part D prescription drug bill, which might be the most corrupt piece of legislation in history, was a huge giveaway of taxpayer funds to the big pharmaceutical companies.
We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare.
[Several candidates talked of problems with the federal Medicare system, particularly concerns about whether it would cover prescription drug costs in the future.] We're asking senior citizens to make a choice between their health and their income, ... Medicare is probably the most difficult challenge we face in the next century, because it has a lot to do with other things besides money.
We'll have a national dispute - debate about it, and the goal should be to bring in - to help respectfully appeal to those voters that can make the difference, the ones who are not going to be entrepreneurs, are never going to be - run a - be a CEO in some big business, and they know it, but they would like to have their Social Security, they would like to have Medicare as they paid for all their years, and they'd like rising wages rather than falling wages.
Seven hundred and sixteen billion dollars, funneled out of Medicare by President Obama. An obligation we have to our parents and grandparents is being sacrificed, all to pay for a new entitlement we didn't even ask for. The greatest threat to Medicare is Obamacare, and we're going to stop it.
Social Security's not the hard one to solve. Medicare, that is the gorilla in the room, and you've got to put all of it on the table.
But here's what I would tell people of my generation. I turn 40 this year. There isn't going to be a Social Security. There isn't going to be a Medicare when you retire. Forget about what your benefit is going to look like. There isn't going to be one if we don't make some reforms to save that program now.
I opposed the Medicare prescription drug entitlement. I opposed the Wall Street bailout. I opposed the stimulus bill.
Let's means-test benefits - let's means-test Social Security and Medicare and make the rich pay more for these benefits.
We're saying no changes for Medicare for people above the age of 55. And in order to keep the promise to current seniors who've already retired and organized their lives around this program, you have to reform it for the next generation.
You're going to hear a lot from President Obama and yes, from Joe Biden, you're hearing a little bit about Medicare these days. What they will not tell you is they turned Medicare into a piggybank to fund 'Obamacare.' They took $716 billion dollars to pay for the 'Obamacare' program.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
I'd also remind people, if I were running for Presidency, that a long-term problem facing the budget is Social Security and Medicare.
If we can get to that 3 percent grow, it is $2 trillion to $2.5 trillion worth of more government revenues. It's 12 million additional jobs. And those are 12 million jobs paying into Medicare, 12 million jobs paying into Social Security. Growth really is what's driving all of this and growth is what our focus is, which is why we're willing to accept increased short-term deficits in exchange for that long-term payoff.
In Pennsylvania, 38 percent of Pennsylvania seniors chose to get their Medicare from a plan called Medicare Advantage. It's their choice. Forty-seven percent of them are going to lose it under 'Obamacare' according to Medicare by 2017.
Secretary [Hillary ] Clinton is absolutely right, there are people, Koch brothers among others, who have a group called Concerned Veterans of America, funded by the Koch brothers. The Koch brothers, by the way, want to destroy Social Security, Medicare, Medicaid, every governmental program passed since the 1930s. Yes, there are people out there who want to privatize it.
There is a lot of fiscal conservatives in the United States senate that didn't vote for that because we understand that national security spending is not the reason why we have a debt. Our debt is being driven by the way Social Security, Medicare, and Medicaid and, by the way, the interest on the debt is structured in the years to come.
We need to preserve programs like Social Security and Medicare for our seniors of today and tomorrow. But we need to strengthen both Social Security and Medicare to make sure these programs are still available for future generations.
What I think people should realize is that programs like Social Security, programs like Medicare, programs like the Veterans Administration, programs like your local park and your local library - those are, if you like, socialist programs; they're run by [and] for the public, not to make money. I think in many ways we should expand that concept so that the American people can enjoy the same benefits that people all over the world are currently enjoying.
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