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View Diary: Obama did not go on federal spending binge. Pace of increase now lowest it has been in decades (103 comments)

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  •  On the other hand, Romney's budget (4+ / 0-)

    proposal would lead to a 29% cut in Medicare & Medicaid payouts by 2016, and up to 59% by 2022.

    So calculates the Center on Budget and Policy Priorities. He'd leave Social Security alone, but INCREASE, yes, increase Defense Aggression Spending.

    There'd be about half a trillion revenue loss from Tax decreases on those US corporations busy job-creating for the Chinese. (Which are a significant part of the Aggression Spending.)

    Medicare would be cut by $185 billion in 2016 and $2.0 trillion from 2014 through 2022.  Achieving cuts of this size solely by reducing payments to hospitals, physicians, and other health care providers would threaten beneficiaries' access to care.  Thus, beneficiaries would almost certainly face large increases in premiums and cost-sharing charges.
    Medicaid and the Children's Health Insurance Program (CHIP) would face cumulative cuts of $1.4 trillion through 2022.

    Repealing the coverage expansions of the 2010 health reform legislation, as Governor Romney has proposed, would achieve more than the necessary savings from Medicaid and other health insurance assistance.  But it would leave 33 million people uninsured who would have gained coverage under health reform.[13]   (For more about the budgetary implications of repealing the Affordable Care Act, see Box 3.)


    The Internet is just the tail of the Corporate Media dog.

    by Jim P on Tue May 22, 2012 at 03:19:55 PM PDT

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