stay tuned America for the battle of the contracts today on the floor of the U.S. House of Representatives. In one corner the Republican contract, which will bring us today the balanced budget amendment. And what is included in the amendment which my Republican colleague applauds? Opportunities to make deep, slashing cuts in Social Security and in Medicare. In fact, every version of the Republican contract on the balanced budget amendment leaves Social Security and Medicare vulnerable. How vulnerable? In my home State of Illinois some 30 percent in cuts in Medicare are projected, reducing the benefits for senior citizens, more out-of-pocket payments and the closing of rural and inner-city hospitals. And in the other corner the Roosevelt Democratic contract. Roosevelt's contract for Social Security, 60 years now of dignity and independence for senior citizens, and a Democratic contract on Medicare, which makes sure that seniors do not have to worry, as they did in the past, about the payment of medical bills. As Speaker Gingrich and others reminisce about FDR, they might want to reflect on his values and the time-honored contract he made with the American people, today, in this debate.
Editor's note · Context
Debating the implications of the balanced budget amendment and its impact on Social Security and Medicare.
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