the challenge is unending, and one thing I am nervous about in terms of Washington sometime in the future is paying the Social Security benefits, the Medicare and Medicaid benefits that we have promised, because what we have done over the last 30 years is promise more than we have money to pay for in those promises for Social Security and Medicare and Medicaid. In the next 2 days, we are going to take up the budget. There has been a compromise reached between the House and the Senate for a budget resolution, and that is how we plan to spend our appropriations and money for the 2005 fiscal year which starts the end of September 2004 and goes through 2005. We spend most of the year or a lot of the year dealing with the appropriations bills that are discretionary, so-called discretionary. A little less than half of the appropriations total spending of the Federal Government is discretionary spending, a little more than half of the total government spending is entitlement spending.
Editor's note · Context
Discussing concerns about funding Social Security and Medicare during budget resolution debate.
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