Misconceptions: “Medicare is Going Bust”

Lately it has become fashionable among political pundits to declare that the US Presidential election has devolved into a negative slug fest in which both Obama and Romney are equally culpable, lying and distorting and refusing to accept fundamental realities. This is a sort of professional centrism–taking it as an article of faith that both sides are equally to blame. The trouble is that this centrism doesn’t reflect reality and consequently, in order to maintain it, these “centrists” have resorted accepting blatantly false claims from the American political right. Chief among these is the claim that “Medicare is going bust” and that Paul Ryan’s proposal to turn Medicare into a voucher system is some kind of bold, serious solution. Today I set out to examine and refute that claim.

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