Jack Kingston: “let us look at this, because here we have a trust fund that has lost $4.2 billion a year to date on Medicare. Here we…”

“let us look at this, because here we have a trust fund that has lost $4.2 billion a year to date on Medicare. Here we have the Clinton appointed Medicare trustees last April saying that it would be broke in 6 years. Then what do we have? We have the minority Democrat leader, Dick Gephardt, saying, the Republicans are saying this because the report will have solvency problems that there is a great emergency, this is a hoax. That was said on Meet the Press, July 30, 1995. Another one, great Dick Gephardt again: It is a big lie to say that Medicare is in trouble. These are people who are paid $134,000 a year. They ought to know what the truth is. Mr. Speaker, on the time, I did not get that courtesy from our Democrats who just spoke, but I offered them some of our time to defend this statement. Let me tell Members that this trust fund is not broke. Well, let me tell the gentleman who just spoke, here is the chart. I do not know what you call it when you have more money going out than you do coming in. But back home on Main Street America, when that happens to American families, that is called going broke.”