obama team. shannon: stu, you talked about the fact this is not sustainable. when you put the numbers on paper and we have baby boomers that will be tapping into medicare and social security, with very as a society become so dependent on what we re getting from the government? are we going to wean off? do you see that? we have no choice, we have to wean off. a credit debt a. crunch, is coming. you cannot keep running deficits of 1 1/2 trillion dollars a year as far as the eye can thee simply because attorneys and americans won t lend money to the government in those circumstances, so a crunch is coming. you can have all kinds of agreements about cutting spending but if you don t get real drastic spending cuts, and entitlement programs under control, if you don t get that, the market will do it for you. you will have a debt crisis. and it s not that far away. shannon: you say agreements. we d like to see more of that. we have plenty of disagreements.
people will use the medicare availability. we are looking at 500 billion a year for or 47 on medicare . next then 10 years, that number will approximately double to 929 billion . it is going to continue to get worse. not only is it continuing to go through the roof, but those paying into medicare is going down by over a million from 3.5 to 2.3. major sacrifices will have to be made. obama administration address the problem next year? i don t know. he will be up for reelection. that is his passion. health care is his passion and legacy. it is a problem for both parties. a lot of those baby boomers are starting to identify themselves as conservatives
think medicare is going unand i m so cooked. medicare is used to finance this bill. greta: how? when the bill is phased in there will be a trillion in reductions in medicare expenditures. greta: people who would ordinarily get that trillion are not? it means advisers and seniors using medicare advantage as their insurance vehicle will see dramatic reductions in their payments or in the case of insurance will not be able to buy medicare advantage insurance. that will save a trillion dollars over the first 10 years. that money is not being used to make medicare morsel vent it is being used to create new programs that the president and his folks wanted which is fund people who don t have insurance today who aren t on medicare, who aren t seniors and never paid into medicare. greta: you introduced an amendment today to oppose the
well, what i said the other day is absolutely accurate. i said for millions of americans, individual premiums will go up, because of government mandates and taxes. that is precisely what the congressional budget office that the president likes to cite said on november 30th. it is true that some people will get subsidies, but the rest of the people won t, and to give you an example, senator susan collins in maine said that because of the government mandates in this bill, 87% of the people who have individual policies in maine today will pay more under the president s bill. give half of them subsidies which taxpayers pay for, and still 30% or 40% are paying more for their individual policies. so, what people need to understand is this will raise their taxes, cut medicare without putting the money into medicare for millions, raise premium, and it will raise the deficit, because they are not counting doctors paying doctors who serve medicare patients, and this is like having a horse race
bill. tucker: i agree with you, actually, on infrastructure. i think he should have started it. i m with you on that. but you can t look in the camera and say that giving millions of new people, poor people, work permits, is going to raise the wages of americans alreadyy here, it s just not, and you know it s not. so why [laughs] as i said, the president started the whole thing, we re just trying to fix the problem, and that s what the democrats are trying to become a part of the solution here. but independent analysts have said that if we create a robust, comprehensive immigration refor. system that is compassionate, we will boost the gdp by 1.2% increase. we will now have 11 million people paying more taxes, paying in social security, paying into medicare, supporting these programs that everybody benefits from. tucker: are we suspending