Tags: Rove | Obama | Medicare | campaign

Rove: Obama Will Let Medicare Go Bankrupt

Wednesday, 25 May 2011 08:49 AM

By Hiram Reisner

Former presidential adviser Karl Rove says President Barack Obama will spend much of his time and money “trashing” the Republican presidential candidate. Obama also will allow Medicare to go bankrupt, Rove said Tuesday on Fox News.

Karl Rove, obama, election, Medicare
Karl Rove: President Barack Obama will "spend much of his time, much of his money, much of his treasure on trashing the Republican presidential candidate" in his re-election campaign. (Getty Images Photo)
“We’re on the cusp of what will be the most, in my opinion, the most negative re-election effort ever mounted by a president,” Rove told Fox News’ Bill O’Reilly. “He will want to defend the record of the last four years. By the time the election rolls around, he’s going to spend much of his time, much of his money, much of his treasure on trashing the Republican presidential candidate.”

O’Reilly said Obama will make Medicare the centerpiece of his re-election campaign.

“Well, if he does, he’s got a problem because his own actuary at the Department of Health and Human Services says the program is going broke in 2026,” Rove said. “We’re already spending more money than we take in on Medicare on the parts of Medicare they are sort of self-funding, self- financing.

“The president is obligated under a federal law to have provided each of the last three years a plan to Congress on how Medicare is going to be stabilized and made solvent,” he said. “It’s an automatic — automatic — trigger built into the law many decades ago. He has failed in each one of the years he is in office to provide that kind of plan to the Congress.

“And he’s not going to do it. So the choice is going to be between somebody who is blindly allowing the country to go down the path in which Medicare is going to go bankrupt and fail our seniors or in which he’s going to leave the decisions up to an unelected panel called the Independent Payment Advisory Board on how to ration healthcare for seniors in Medicare or find a constructive solution,” Rove said.

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