there is now reaching a point of consensus that 62 percent of the surplus in the budget should go to save Social Security and preserve it at least to the year 2055. With God's good graces, we will all be here to enjoy that extended life of Social Security. What the President has also proposed is equally important, perhaps even more so, and that is that 15 percent, almost $700 billion, be put away also to help improve Medicare today, and that includes extending prescription drug benefits to seniors. As much as we have heard about the proposals for tax cuts, an across-the-board tax cut will not get an average senior even through a single year covering their prescription drug costs. Yet, on the other the other side of the aisle, we hear nothing about improving Medicare for today's seniors. Instead, 37 percent of their plan goes to a tax cut, 1 percent goes to defense, and nothing else goes for things like prescription drugs. My colleagues, with the cost of living adjustment for seniors this year being only 1.2 percent, we need to recognize that today's seniors, not those a generation from now, need prescription drugs covered.
On the recordFebruary 11, 1999
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govinfo.govEditor's note · Context
Discussing budget priorities for Social Security and Medicare during a floor speech.
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Point of parliamentary inquiry. The Acting CHAIR. The gentleman will state his parliamentary inquiry.





