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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 49574  
Subject: Re: Poll: Obamacare Effect Date: 11/3/2012 1:22 PM
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A shortfall is a shortfall.

You have to borrow money from the Chinese and pay them interest.


Yes, but the shortfall is far, far smaller than that silly paragraph suggested. By law, a large portion (about half) of Medicare is supposed to be paid from the general fund. The general fund itself has a shortfall, but most of that is due to the Bush tax cuts, increased spending due to the poor economy (mostly Medicaid and UI), and wars of choice overseas. In other words, Medicare has a shortfall only the sense the general fund has a shortfall.

Increases Medicare costs are indeed a problem, but there are many common sense solutions to that problem. For example, the ObamaCare reforms extended the Medicare Trust Fund solvency by about eight years, to 2024.
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