Two
Simple Truths From Obama
Obama Admits He Wants To Raise Taxes In 2013 And That The
Democrats’ Do-Nothing Plan Will Bankrupt Medicare
OBAMA ADMITS HE WANTS TO RAISE TAXES IF
HE IS REELECTED
Obama
Admitted He Will Raise Taxes If He Is Reelected. OBAMA: “That is a
reasonable proposition. So, when you hear folks saying ‘Well, the president
shouldn’t want massive job killing tax increases when the economy is this
weak.’ Nobody’s looking to raise taxes right now. We’re talking about
potentially 2013 and the out years.” (President Barack Obama, Remarks At
Press Conference, Washington, D.C., 7/11/11)
OBAMA
HIS OWN PARTY'S ADMITS PLAN WILL BANKRUPT MEDICARE
Obama
Admitted That The Democrats’ Do-Nothing Plan On Medicare Will Result In
Medicare’s Bankruptcy. OBAMA: ““But look, it's also going to take some work on our
side in order to get this thing done. I mean, the vast majority of Democrats on
Capitol Hill would prefer not to have to do anything on entitlements. Would
prefer, frankly, not to have to do anything on some of these debt and deficit
problems. And I’m sympathetic to their concerns, because they’re looking after
folks that are already hurting and are already vulnerable. And there are a lot
of families out there and seniors who are dependent on some of these programs. What
I’ve tried to explain to them is, number one, if you look at the numbers,
Medicare in particular will run out of money, and we will not be able to
sustain that program no matter how much taxes go up. I mean, it's not an option
for us to just sit by and do nothing. And if you're a progressive who cares
about the integrity of Social Security and Medicare and Medicaid, and believes
that it is part of what makes our country great, that we look after our seniors
and look after the most vulnerable, then we have an obligation to make sure
that we make those changes that are required to make it sustainable over the
long term.” (President
Barack Obama, Remarks At Press Conference, Washington, D.C., 7/11/11)
http://youtu.be/C8-X6SO9Bg0
Medicare Trustees Report Notes That Doing Nothing Now To Fix Medicare Will Result In Either An Immediate 17 Percent Cut In Medicare Benefits Or A 24 Percent Increase In Taxes. “The long-range financial imbalance could be addressed in several different ways. In theory, the standard 2.90-percent payroll tax and the additional tax 0.9-percent tax on high-income earners could be immediately increased by the amount of the actuarial deficit to 3.69 percent, or expenditures could be reduced by a corresponding amount. Note, however, that these changes would require an immediate 24-percent increase in the tax rate or an immediate 17-percent reduction in expenditures.” (“2011 Annual Report Of The Boards Of Trustees Of The Federal Hospital Insurance And Federal Supplementary Medical Insurance Trust Funds,” Social Security & Medicare Trustees Report, 2011) www.gop.com
