On the recordOctober 28, 2015
First and foremost, this bill takes the important step of protecting the full faith and credit of the United States. We will pay our obligations--and not only to foreign bondholders, but to our citizens, whether veterans or our children-- unlike the Republican majority bill last week. It protects millions of seniors from a 50 percent increase in their monthly Medicare part B premiums and spreads out the cost of paying for the fix over a number of years. It ensures that all 11 million Americans that rely on Social Security disability insurance won't see their benefits cut by 20 percent. It is fiscally responsible, while not undermining or changing the structure of vital programs in any way. Let me repeat that. It is fiscally responsible, while not undermining or changing the structure of vital programs in any way. It ensures, in Social Security, a uniform national process for disability evaluations, and it closes a loophole used mostly by higher income individuals to receive higher Social Security benefits than intended. It regularizes payments in Medicare for care given in outpatient facilities. Finally, the agreement raises the spending caps for 2 years for domestic spending, not only for defense priorities, as some have earlier proposed. I just want to repeat that so it is clear. The agreement raises the spending caps for 2 years for both domestic and defense spending.…





