Saturday, September 1, 2012

Paying for Obamacare

A couple of nights ago Bob Somerby watched the folks on MSNBC discussing the Ryan/Romney charge that Democrats "funneled" $716 billion out of Medicare to pay for Obamacare. He was unhappy with the liberal response:
On Wednesday, Rachel Maddow asked Ezra Klein to clear up all the confusion....But uh-oh! Like his blog-mate Sarah Kliff, Klein largely repeated Romney’s Medicare charges—restated those charges in his own voice!
....Go ahead—ask yourself this: At any point, does Klein make a clear, concise statement about what Ryan said that was wrong? No such statement ever occurs in this wandering ballad. Instead, Klein throws a bewildering array of figures and claims into a very thick stew.
The problem here is simple: there is no silver bullet liberal response to Ryan's Medicare charges. This is because, rhetorical excesses aside, his charges are basically correct.
Unlike most Republican programs of the Bush era, Obamacare is fully paid for — as Obama himself has boasted repeatedly. This was an act of political courage for which Democrats deserve credit, but it was only courageous because it has a downside. And the downside is that the money to pay for Obamacare had to come from somewhere. In the end, most of it came from two places: (1) an assortment of modest tax increases, and (2) an assortment of modest spending reductions on Medicare.

Read more: http://www.motherjones.com/kevin-drum/2012/08/paying-obamacare

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