An astute reader already made this point in the comments section, but here it is again, via Instapundit:
Reducing the waste and inefficiency in Medicare and Medicaid will pay for most of this plan.
And if we don’t pass this plan, does he intend to keep the waste and inefficiency, out of spite?
Now, while it was impolite for that Congressman to shout at Obama last night (though I do wish we had the same fierce debates the House of Commons does – far better viewing), the underlying claim that Obama is lying seems valid. No one doubts that there are billions of dollars lost to fraud and waste in Medicare and Medicaid, but there is no political will to do anything about it. Do you remember when Congress passed a $10 co-pay for Medicare doctors’ office visits? That would have saved billions simply by discouraging the Florida geriatric set from using doctors as a form of entertainment, but the outcry from AARP was so ugly that then Speaker Rostenkowsky had to call the House back from summer break to repeal it. No one has tried anything along those lines since and Obama isn’t planning to now. The goal here is to explode spending and promise savings “down the road’ when the road has been shut down permanently.
Liar liar, pants on fire.