The Romney campaign is accusing President Obama of cutting Medicare by $700 billion in order to pay for “Obamacare,” and has made that charge the centerpiece of a new ad. The basic claim: Obama stole the money seniors put into Medicare in order to give health care to other Americans.
“The money you paid for your guaranteed health care,” a narrator says in the ad, “is going to a massive new government program that’s not for you.”
The ad claims that the “Romney-Ryan plan protects Medicare benefits for today’s seniors and strengthens the plan for the next generation.”
Watch: