Political Quotes

“I am going to take this down because I know that the American public, whether they are seniors now or will be seniors in the future, understand the incredible importance of Medicare to the American society. Whether you are young or old, you know that Medicare has always been there since 1964 to provide medical services to those people 65 and over and some who are younger than 65 that have gone through terrible medical circumstances and unable to care for themselves. So we are going to take this tombstone, and we are going to bury it, along with Mr. Ryan's proposal to terminate Medicare as we know it. So let's be aware, American public, what's at stake here with the proposal that's coming down from the Republican caucus and from Mr. Ryan. I want to take up another subject and cover it briefly, or maybe not so briefly, and this has to do with the subject matter at hand, which is the deficit. We need to understand where the deficit came from. The deficit didn't just get created in the last couple of years. Certainly, the Great Recession had a lot to do with it, the stimulus package, made up of two parts, one part was the bank bailout, $700 million or more, almost all of that has now been repaid to the Treasury, so we don't have to worry about that being the a big part of the deficit. A little bit remains, but most of it has been repaid. The second part was the stimulus, some $750 million. That was borrowed money that is part of the deficit.…”