Romney's $716 Billion Medicare Lie

Paul Ryan and Mitt Romney

Here’s how Romney put it in an interview with 60 Minutes shortly after selecting Paul Ryan as his Vice Presidential running mate:

"There's only one president that I know of in history that robbed Medicare, $716 billion to pay for a new risky program of his own that we call Obamacare."

First things first: Neither Obama nor his health care law literally cut a dollar amount from the Medicare program’s budget.

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