On the recordMay 12, 1995
for the last few days, liberal Democrats have taken to the floor to denounce so-called Medicare cuts. What cuts? Where are they? This chart clearly shows that under the House Republican budget, Medicare funding will increase. This year, we will spend over $150 billion on Medicare. This will not decrease. Let me be absolutely clear about this--Medicare funding will not decrease. Under the House Republican plan, Medicare spending will have increased to about $230 billion by the year 2002. Let me say that again--Medicare spending will be $230 billion in the year 2002. Now, if Medicare spending is $150 billion this year and $230 billion seven years from now, that is an increase in Medicare spending. Where's the cut? Only in Washington could an increase be a cut. Well, the American people are tired of the old Washington accounting methods. Those methods are the very reason we have a $5 trillion debt. Republicans are committed to scrapping the old Washington accounting methods and replacing them with the truth, something not often seen around here.
Source
govinfo.gov




