First off... that Treasury bond part is a lie. The government actually doesn't have to honor treasury bonds to medicare... if it doesn't want to it'll just cut benefits.... and before they have to would likely just create more cuts to medicare.
That's why direct taxes for social security and medicare are complete scams.
Other countries don't put this in government bonds, but instead in the private markets where the government can't touch them.
As far as i know we're the only country dumb enough to fund government pension and insurance programs via IOU.
Secondly, what you posted was more or less word for word what I stated.
It's a cut in spending that will lower quality of care and possibly even care as hopsitals and doctors further limit how many medicare patients they take... because medicare payments fall below insurance payments.
