On the recordJuly 12, 2011
I thank the gentleman from New York and the gentlewoman from Texas for pointing out the fallacy of this argument that somehow in this discussion of lifting the debt ceiling, which I believe each of us voted to lift that debt ceiling in a clean vote. We understand that that is our moral responsibility, it's our obligation to meet the full faith and credit obligations of the United States, but that's not what this discussion is, and it is precisely the reason that I caution us against putting into the debt ceiling discussion any changes to Medicare benefits and Social Security benefits and Medicaid. The reason is because, as I've demonstrated by showing this chart, and I would love to say that this is my chart but it's not. It was produced by the independent Congressional Budget Office, and it shows the contributing factors, the significant contributing factors in these colors here of the long-term debt. That's what we're talking about, raising the debt ceiling to meet those obligations that have already been laid out. Some people have described that those of us who are speaking in favor of Medicare and Social Security and making sure that we protect Medicare and Social Security beneficiaries from cuts, that we're passionate, but that passion is deeply connected to fact. It is connected to the fact that we are passionate about the guaranteed benefit of Medicare.…





