Return of the Big GOP Medicare Lie

—By Rick Ungar | Tue Sep. 13, 2011 10:53 AM PDT

The participant's in last night's GOP presidential debate once again took the opportunity to pretend that the Affordable Care Act ("Obamacare") put a massive dent in Medicare by cutting $500 billion from the program.

Michele Bachmann told us that "We know that President Obama stole over $500 billion out of Medicare to switch it over to Obamacare." Mitt Romney intoned "He cut Medicare by $500 billion. This is a Democratic president the liberal, so to speak, cut Medicare."

Yeah…except that nobody stole anything and Medicare was not cut by $500 billion.