When smirking and laughing Joe Biden talked about Medicare during last night’s vice presidential debate, he used the word “trust.” Biden:
These — look, these guys haven’t been big on Medicare from the beginning. Their party’s not been big on Medicare from the beginning. And they’ve always been about Social Security as little as you can do.
Look, folks, use your common sense. Who do you trust on this?
And now, folks, it’s time for “Who do you trust!” Hubba, hubba, hubba! Money, money, money! Who do you trust? Me? I’m giving away free money. And where is the Batman? He’s at home washing his tights!
“Hubba, hubba, hubba! Medicare, Medicare, Medicare! Who do you trust?” Good question. Obama and Biden, apparently, would trust government bureaucrats to become efficiency experts. And they would trust medical service providers — doctors, hospitals, researchers — to continue to do what they do for less and less money. Or Washington could pay more — and tax more. There’s no free money.
Mitt Romney and Paul Ryan, on other the hand, believe that choice and competition can provide more value and put the system on a fiscally sustainable path. You know, like in the rest of the U.S. economy .
Hubba, hubba, hubba, who do you trust?