Pete Domenici: “I believe it's imperative that the committee understands that there is already in existence a law that causes the…”

Well, I would just say that, sometimes when we are working on trying to solve this fiscal problem, the recognition that a long-term fix is what is needed puts many people in the position that they do not know how you do that and do it now.

I think you raise a good point. We have to be careful about the issue you raised. It is a serious one.

Unless you fix Medicare, you cannot fix this deficit.

But that is compared to current policy--current policy. If we would compare your plan to current law, it is actually a tax cut.