Oct 20, 2008
During the second presidential debate, the moderator, Tom Brokaw, as well as Obama and McCain, all agreed that Social Security and Medicare are becoming too costly, and that they will have to be cut.
What a lie! Social Security is running a great big surplus every year, and its trust fund has more than two trillion dollars in it! As for Medicare, the big problem is that money that should go to pay for health care is increasingly being eaten up by the health care companies and insurance companies, just like the rest of our health care dollars.
As pensions and life savings go down the tubes in the financial crisis, all the politicians can think of is finding a way to cut Social Security and Medicare, the only support that many of the elderly will have left.