Or how to cut $60 to $120 billion per year without taking away anyone's benefits: http://abcnews.go.com/Nightline/medicare-fraud-costs-taxpayers-60-billion-year/story?id=10126555#.TwnYutWyFdgIn comparison: Nation building in Iraq and Afghanistan cost about $1.3 trillion. The Bush tax cuts cost between $1 trillion to $1.6 trillion over ten years. Eliminating Medicare fraud would save up to $1.2 trillion over ten years.