Political Quotes

“Well, I thank my friend and colleague. I'll certainly be returning back to you for some more information that's very valuable information. I want to get back to and sort of recap some of the things I talked about, and that is that the taxes are tremendously increased under ObamaCare. Well, let's talk about the financing of ObamaCare. I'm just going to stick with the basics. There are a lot of ways it is theoretically financed, but I'm going to tell you maybe the three major ways that it's supposedly paid for. Well, number one, you heard my friend, Dr. Gingrey, say that ObamaCare actually takes over $500 billion--that is, over a half- trillion dollars--from existing Medicare and uses that to subsidize the middle class health plans for people below a certain income level. We're going to get to that in just a moment--I'm going to draw your attention to this chart and talk about those subsidies. But not only does it do that, but as my good friend says, it's used to extend the life of Medicare. So this is basically how it works. The idea of the bill is it takes money out of Medicare and theoretically makes Medicare last longer-- because it's running out of money--by taking the same money out of the middle and putting it at the end. I don't understand how that can work, but that's the way it works.…”