Medicare is not the problem. As much as Republicans want you to think Medicare is bankrupting America - it’s not. What’s really bankrupting America are tax cuts for millionaires and billionaires and two unpaid wars in the Middle East. Not only are the Bush tax-cuts the single largest contributor to our annual budget deficits over the last ten years - but as Dean Baker at the Center for Economic and Policy Research noted - Medicare shortfalls over the next 75 years pale in comparison to the cost of our military misadventures in the Arab world.
The amount of money that Medicare will add to our nation’s debt over the next three-quarters of a century is only one-fourth of the cost of the Afghanistan and Iraq wars over the last ten years - just one-fourth! Yet there is no talk of ending the wars in the Republican deficit-reduction proposals - and plenty of talk of ending Medicare as we know it.
The solutions are pretty clear here - want to get America out of debt? Then end the wars - and raises taxes on the rich just like Clinton did - which then created 23 million jobs and balanced the budget.