Pete Domenici: “Without substantial new revenues and structural entitlement reform, our fiscal ship is destined to capsize.”

It is not a typical bill. It is very difficult to understand.

I think it is very important, for some of you who have gone through lame duck, to make sure that you know it is not the best choice of an arena to which you would assign the solution of major problems.

That did not reduce any beneficiaries' benefits, it just cut the amounts that providers were otherwise getting.

Unless you fix Medicare, you cannot fix this deficit.