You may have heard Romney and his surrogates recently say that President Obama stole $700 billion from Medicare to fund Obamacare. If not, you soon will.
The statement is false. It's a lie. Granted the Affordable Care Act does reduce Medicare spending, but as Politifact has explainied:
"Those dollars aren’t taken out of the current budget, they are not actual cuts, and nowhere does the bill actually eliminate any current benefits."The reduction in Medicare spending isn’t aimed at beneficiaries. It is largely directed toward hospital payments, prescription drug discounts and cuts to private insurance companies under Medicare Advantage.
By now we should all just take for granted that anything we hear from the Romney campaign about our President is a lie.