Is this a cut?

We are going to be bombarded with news stories, or at a minimum Democrat Press Releases, about how the President has opted to “cut” or “slash” Medicare spending in stead of caring for the elderly.

So here are the facts as laid out in a recent AP story (link):

The President is budgeting for Medicare to grow by 6.7% for the next 5 years.

This is in contrast to having it grow by 7.6% for the next 5 years.

The savings is over $66 billion over 5 years…is this a cut?

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