On the recordJune 5, 1996
the 1996 Medicare trustees' report is expected to be released today and all indications are the news will be worse than last year's report--Medicare is going bankrupt faster and sooner than expected. In late April, the Congressional Budget Office released data that showed while the 1995 trustee's report predicted a $5 billion surplus in 2002, the fund is now expected to be $86 billion in the hole. The Republican majority passed a plan to simplify and strengthen Medicare and fight waste and fraud, all while increasing Medicare spending. But with the flash of his veto-happy pen, President Clinton killed these Medicare reforms. In just a year's time, President Clinton's choice to mislead America's seniors through demagoguery and campaign scare tactics has resulted in a multibillion-dollar Mediscare shortfall. Shame on him.
Source
govinfo.gov
