On the recordMarch 28, 2012
Our Nation is currently standing at a critical crossroads. Should Washington weigh deeper into the red or should we continue cutting spending and get our Nation on the track towards fiscal solvency under the House Republican budget, which cuts more than $5 trillion while preventing the President's tax increases? In addition to paving the way for our Nation to get back on track towards economic security and prosperity, the Republican budget also puts forward bipartisan solutions to save and strengthen Medicare for current seniors and for our children and grandchildren. Under our current trajectory, Medicare will be bankrupt in just a decade. This plan preserves current Medicare plans for those in and nearing retirement while offering guaranteed coverage options for future seniors, including those with preexisting conditions or tough health histories. It is financed by a premium support payment which would provide more assistance to low-income and less healthy seniors. The Medicare plans will compete against one another, which ultimately will create lower costs and a better quality of care. The budget refuels our economy to create an environment for businesses to grow jobs with fundamental tax reform, protects the security of health and retirement plans, and begins to reduce our deficit now to leave our children with a country free from debt. ____________________
