During the Oct 3rd. Debate Romney said” On Medicare for current retirees he (Obama) is cutting $716 billion from the program.” This is a pants on fire lie. The $716 billion was a savings which was proposed by a independent commission. Obama adopted this savings proposal. Paul Ryan supported this saving proposal and in fact used the $716 billion in savings in his own budget plan. The savings would come from over payments and reduced payments to Doctors and Hospitals not from any beneficiary’s. Why lie?