Medicare Spending Cuts?The news media has been hyping and whining about the “cuts” in Medicare spending, scaring old people and Gen Sandwichers alike. To hear the media tell it, the sky will surely fall if the President’s budget is enacted.
Well, in an article entitled “Washington’s Dishonest Budget Math,” the Cato Institute tells us what really happening. How Washington budgets are really set, and how President Bush’s budget really adds to the actual dollars spent on Medicare and Medicaid, rather than subtracting them.
The article quotes another by the American Enterprise Institute which goes into even more detail on the true budget plans, pointing our that “federal spending on Medicare and Medicaid is set to increase by $84 billion from 2006 to 2008.”
Shame on the media for trying to scare old people over something that isn’t even real!