On the recordApril 15, 1999
normally when I hear people talk about March madness, I assume they are talking about the NCAA college basketball tournament. However, this year I am afraid this expression is better applied to Democrat party plans to actually expand an entitlement that is already going bankrupt. This is clearly an example of political madness. The fact is, Congress worked together with the President last year to take the first step toward reforming a program that was within 4 years, just 4 years, Madam Speaker, of going bankrupt. The reforms we passed together on a bipartisan basis, although essential, merely postponed Medicare bankruptcy until the year 2010. It is around 2010 that baby boomer bankruptcy is going to hit big time. If this madness persists, we can kiss talk of budget surpluses good-bye, we can forget about proposing any new government programs, and worst of all, we can forget about giving the middle class some long overdue tax relief. It is now April. This March madness talk of expanding Medicare must end.
Source
govinfo.gov




