Unfortunately, (and I really hate to say this), but we have been deceived by none other than Bill Clinton himself. Either that or he blindly follows what the Democrats tell him to say, I personally think he's doing this to keep Hillary in good standing with the DNC, but regardless, the man has lied to the American people - AGAIN. There is no reason good enough to excuse this one. Bill stood before everyone and convincingly told us that we are better off now with the Affordable Care Act, (ACA), than without it and that it does not "rob" Medicare of $716 Billion Dollars, like the Republicans are saying, and in fact it extends the life of the Medicare Trust Fund, (MTF), 10 years instead of only 8 years as originally stated. Bill, you need to go back to school! Because you are sorely mistaken in your math, or you flat out lied. This is why: YOU CANNOT COUNT THE SAME MONEY TWICE. This is exactly what the Democrats have done and they have just about slipped it right past our noses.
The fact is that ACA does indeed cut $716 Billion out of Medicare over 10 years, however, it spends it elsewhere. This is how it really is: There is the new 3.8% tax on Investment Income which is deposited into the MTF to, theoretically, extend it's life. But the money is then withdrawn immediately and spent on the new Insurance Subsidy & Entitlement & Entitlement & Medicaid Expansions. It is an illusion to think that MC will last longer and proves that the CBO was correct when they said so in a 2009 memo.
ACA raises taxes and spends the revenues. The money is transferred in nano seconds and then gone. The only way to spend Trillions of dollars on new subsidies, medicade expansion and other outlays and still make good on future Medicare commitments is to cut $716 Billion elsewhere or raise taxes. Neither of which the ACA does.
Whether it is considered 'robbery' or not, the end result is that the money is gone and no amount of clever Trust Fund accounting can extend the life of Medicare.
And this is the sad truth. We have to cancel this not so affordable ACA now, before the drop dead date or it will be too late to do anything about it.