Smoking Gun: Obama Admits He Cut Billions from Medicare to Fund Obamacare

Smoking Gun: Obama Admits He Cut Billions from Medicare to Fund Obamacare

We've been having some fun with a clip of David Axelrod angrily denouncing the fact that President Obama gutted Medicare by $700 Billion in order to partially pay for a brand new entitlement program.  Axelrod's campaign colleague Stephanie Cutter refuted him on another show, calling the Medicare cuts an "achievement."  But pay attention to the argument Axelrod makes here:
 

"You're repeating a misstatement by the Republicans.  I would call it a lie." 

Now let's take a look at...