Neil Cavuto: America's Financial Future Died Tuesday Because Senate Republicans Refused To Dismantle Medicare

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Neil Cavuto is terribly upset that the Republicans in the Senate have decided not to support Paul Ryan and the House's budget plan and dismantle Medicare by turning it into a voucher system. Cavuto opened his segment with American Pie playing in the background and followed with this:

CAVUTO: Alright, I don't want to be melodramatic (too late for that Neil), but let it be known that this is the day America's financial future died. I want you to write it down, May 10, 2011. The day tea partiers elected to the United States Senate not only caved, they quit. They folded their spending tent and left.

And all because some Medicare recipients stomped their feet and roared. And those Republicans ran into their buzz-saw and just bugged out. I am telling you, they didn't just blink, they bolted. Which is odd because Republican Senators like Pat Toomey and Marco Rubio got to where promising big cuts.

Then they ran into this big old wall. They discovered some folks were fine, cutting spending, but in the case of some Medicare recipients, just not their spending.

It is a familiar story. Cut, just don't cut my stuff. So now my friends, we are all stuck. Republicans in the Senate said, because the reality is Democrats control the Senate today, so they're keeping their powder dry for when they control the Senate some day.

Which is why they are putting off things like Medicare until after 2012, as if the stark reality of things we're facing will be any less after 2012. They won't. I can understand their political math, but I fear out far more unfriendly math, by then likely one and a half trillion dollars more in debt, not even a game plan as how to hack that debt.

They say they'll focus then, but I fear it will be too late. No wonder all this talk of a third party now. The Grand Old Party has botched it. Time was of the essence and now the time has gone.

And now, they're of the essence and now they're the ones risking being gone. History will show it started this day, the tenth of May, 2011, when they gave up the fight and they lost the war. This spring day in 2011, they lost something else, their souls.

How dare all of those selfish seniors expect that their children and grand children be taken care of in their old age? Sorry Neil, but you just lost yours running this fearmongering segment.

We've got the biggest income disparity since the Gilded Age in the United States and you want to throw seniors under the bus. Shame on you.

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