Frank Riggs: “Medicare is in critical condition. For nearly a year now, the President and the liberal House Democrats have refused to…”

“Medicare is in critical condition. For nearly a year now, the President and the liberal House Democrats have refused to address Medicare's impending bankruptcy. In fact, they have ignored the warnings of the Medicare trustees and instead demagogued this issue, waging a campaign of fear and misinformation. When the Republican-led Congress sent a bill that passed the House and the Senate to the President which would have saved Medicare from bankruptcy and preserved it for future generations, the President vetoed the bill. Yet, 3 weeks ago yesterday, new evidence revealed that Medicare is indeed going bankrupt faster than the Clinton administration admitted. Three weeks ago yesterday, there was an article in the New York Times, not exactly a conservative publication, that said the Medicare insurance trust fund lost money in 1995. This little article reads: ``Medicare's Hospital Insurance Trust Fund lost money for the first time since 1972, 2 years earlier than officials in the Clinton administration had predicted.''”