Will Obama cut or lower Medicare and Medicaid in Oct 2012?

Answer 1

No, he will not. That is a political accusation from the Republicans; there is no truth behind it, but you will hear it a lot. That said, you will also hear a lot of political accusations from the Democrats. Both sides during an election year will try to persuade you to vote for their side. As for distinguishing political rhetoric from fact, I strongly recommend using fact-checking websites like factcheck.org, politifact.com and snopes com, and several newspapers also have their own fact-checking sites.