Medicare is a self-funding health insurance program for the elderly. It has operated at a surplus over the years and has a trust fund worth in excess of $300 billion. ... Obama wants to take a huge hunk of that surplus in Medicare to offset some of his overspending — which will top $10 trillion if he gets a second term. This is a pretty stupid idea even for a Brainiac like him. From the Associated Press: “The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts for the wealthiest taxpayers, nearly $250 billion in reductions in Medicare spending,