Bill Clinton: “But you know, your story illustrates a point that the mayor just made. I mean, first of all, for about 10 years now, the…”

“But you know, your story illustrates a point that the mayor just made. I mean, first of all, for about 10 years now, the elderly in our country have had a lower poverty rate than very young people. And that's a wonderful thing. And two things did it, the cost of living on Social Security and Medicare. That's what did it. Now, if we put another half a million older Americans in poverty with this program, is that going to lift any little children out of poverty? No. Is that going to help that young worker? No. All you're going to do is take more money out of the incomes of middle class working people who are working harder for less. So the answer is to raise their incomes and increase their security. The answer is not to make this swap. And who would get the benefit of this, this tax cut? I want to emphasize again, this money is not necessary to fix the Medicare trust fund. They don't have to make this much savings. And an enormous amount of this huge tax cut is going to people who don't even need it, and many of them, frankly, don't want it. Many of them do not want it. I've had a lot of upper income people tell me that they do not want--they want to balance the budget, take care of Medicare, invest in education, get this country going. So I--this is a battle we have to win. Yes, ma'am. Go ahead. [A participant described a letter the President sent her about Medicare.]”