On the recordMarch 28, 2012
Mr. Chairman, the difference between the President's plan and the Republican budget, the difference between the Democratic alternative and the Republican budget, is that we take a balanced approach. I think everybody understands that spending cuts have to be part of the solution. This Congress acted last summer, cut $1 trillion out of the budget. But the President and the Democratic alternative also understand what bipartisan groups all understand, which is that the only credible way to reduce our deficits is through a combination of spending cuts and cutting some of the tax breaks to special interests and asking millionaires to pay more. I keep hearing our Republican colleagues come to the floor lamenting the large deficits and debt which we all agree we need to get under control and then refusing to cut one special interest loophole for the purpose of reducing the deficit, asking a millionaire to contribute one more penny for the purpose of reducing the deficit. Now with respect to the issue of Medicare, the reason it's not premium support is, it doesn't provide constant support to the senior on Medicare. Over time, seniors' purchasing power of this voucher will become less and less while the costs go up and up. I would point out, again, that Members of Congress have for themselves a plan, this green line, where the purchasing power of their health plan stays constant, even as health prices increase. But this red line here is what they would do to seniors on Medicare.…





