Factcheck.org noted that Clinton's comment about Medicare going broke in 2016 was an exaggeration, if not a lie: "Clinton claimed Medicare will “go broke in 2016″ if Romney is elected and repeals the federal health care law. Medicare will not “go broke,” but a part of it — the hospital insurance trust fund — would not be able to pay full benefits for hospital services. Physician and prescription drug benefits, financed separately out of general tax revenues and premiums, wouldn’t be affected. As we explained in our Aug. 22 article, “ A Campaign Full of Mediscare ,” the Medicare hospital trust fund is on pace to be exhausted by 2024 — or by 2016 if the Affordable Care Act is repealed. But Medicare would still collect payroll taxes sufficient to pay most hospital bills that would come due. Medicare trustees estimate the fund could pay 87 percent of its costs. The funding gap would continue to grow, and by 2050 the fund could cover only 67 percent of its bills. That’s a serious situation to be sure, but it’s not as though Medicare itself would suddenly halt all payments." In Response to Bill Clinton hit it out of the Park by EXPLAINING Things. :
Posted by MichaelMinIL

creppelrm, I would disagree that "there is nothing really wrong with Social Security" and that the Republicans are just fabricating something. In March 2011, the chief actuary of the Social Security Administration stated, "The (Social Security) trust funds hold approximately $2.6 trillion today or about 18% of GDP. However, our declining birth rate, rising life expectancies, and retiring baby boomers will reduce the current worker:beneficiary ratio of 3.3 (between 1975 and 2008) to 2.0 after 2030. With no change, the Trustees estimate the OASDI (Old Age, Survivor, and Disability Insurance) funds would run out in 2037. However, after that, there would still be sufficient revenues to pay 75% of scheduled benefits through 2084. Closing the gap would require payroll tax increases, increased income taxation of benefits, and reduced benefit payments totaling approximately 1.5% of GDP after 2037 . Structurally, Social Security is sustainable with adjustments." Regarding FDR initiating Social Security, factcheck,org noted the following: "In prepared remarks released to reporters, Rep. James Clyburn engaged in partisan myth-making with the claim 'Democrats created Social Security'  while Republicans 'cursed the darkness.' History records strong bipartisan support in both House and Senate for the measure President Roosevelt signed in 1935." If you think that Social Security and Medicare are just fine and are sustainable for our children and grandchildren without making some changes, you are fooling yourself. In Response to Re: Bill Clinton hit it out of the Park by EXPLAINING Things. :
Posted by MichaelMinIL