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Not really. The cuts are from payments to Medicare service providers, like hospitals, and some of the money is going toward improved preventive care and other benefits under the program. But most isn't. The bulk is being used to expand health care coverage for the general population. And there is no guarantee that the cuts to providers won't hurt the services they provide down the road.

ROMNEY:

• The Republican nominee has taken various shortcuts with jobless numbers, to the point of wildly misstating them at times. In the first debate, just before the improved September jobless figures came out, Romney said in one instance the U.S. has "23 million people out of work." A bit more accurately, he said earlier in the debate that there are "23 million people out of work or stopped looking for work." But even that was off by close to 9 million.

In all, the government counts nearly 12.1 million unemployed, 8.6 million working part-time for economic reasons and 2.5 million discouraged people who want work and looked for a job in the past year but aren't looking now.
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• Romney's vow to "get us to a balanced budget" is notably short of specifics and complicated by proposals in his agenda that conflict with that goal. He promises, at once, to cut taxes, restore Medicare cuts, spend more on the armed forces — and balance the budget by 2020. He's laid out an ambitious goal of bringing federal spending below 20 percent of the economy, but he's provided only a few modest examples of the massive cuts that would be needed. He's steering clear of proposals to touch the huge entitlement programs in the short run, leaving only a limited portion of the federal budget to trim. Nor will he say which of the big, popular and expensive deductions and exemptions he'd pull back in the tax code.

The campaign rhetoric has been marked by sins of omission on both sides. But some of them look like mere jaywalking offenses next to this one.
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• Romney continually portrays Obamacare as a budget-buster although the nonpartisan Congressional Budget Office has consistently said the law actually will reduce the deficit. This is more than an unsupported slam on the health care law itself. It also goes to Romney's promise to balance the budget. He suggests that repealing the law will help him get to black ink. "Obamacare adds trillions to our deficits," he said earlier in the campaign. He was a bit more circumspect in the first presidential debate, saying, "Obamacare's on my list" of things to roll back to make government more efficient.


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