On the recordMay 25, 2011
As we began the debate about Medicare just a minute ago, we knew last week when we left to go home to work in our districts that Medicare's actuary said it is going to go bankrupt in 2024. This side of the aisle has offered a plan to make it stable, secure and sustainable. There is no member--no member as we heard all day yesterday--of the Greatest Generation on whom this will have any effect. As a matter of fact, over half the baby boomer generation will have no changes. We are changing Medicare to make it work so it is sustainable. If we follow the plan introduced by the President, which does raise taxes on the rich but still does not address the sustainability of Medicare in the future, my daughter, when she is my age 30 years from now, will wake up and go to work, and 100 percent of the Federal income tax she pays will pay for my generation to be retired. The Greatest Generation provided my generation opportunities, and we're working to make sure our children have opportunities as well. On the underlying bill, what's interesting is that this bill only takes this program back to the way it was passed out of the House in the health care bill. We are doing exactly what the majority passed out of the House. It changed to a mandatory program in the Senate, and was adopted when it came back from the Senate.…
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