Political Quotes

On the recordFebruary 15, 2012
Thank you, Dr. Fleming. I always tell people hepatologist--no, I don't do snakes. I do liver disease. We have to make that correction. I just want to kind of pick up where Dr. Roe left off. A lot of folks say, heck, how did we end up with Medicare going bankrupt when they've paid into it their whole life? Well, if you work backwards, it began, if you will, or maybe the most recent insult, was the fact that the President's health care plan, the Affordable Care Act, took $500 billion from Medicare. Instead of putting it back into Medicare to support the program, it used it to create their new entitlement. {time} 1930 Now, that's important because as the graph you had earlier showed, at our current rate of going forward, by 2030, I think it is, Dr. Fleming, you have it right there, roughly 2040, 2045, Social Security, Medicaid, and Medicare will take up the entirety of our Federal budget. Whatever tax dollars we receive by 2045 will be entirely consumed by those three entitlement programs. Do you have that graph where there is the debt on there as well?
Said by
Bill Cassidy
Republican · Louisiana
Source
govinfo.gov
Feb 15, 2012

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