On the recordJuly 19, 2011
Now to perhaps a less happy subject, the so-called Cut, Cap, and Balance Plan. Let me say we are going to be debating this in the House and in the Senate over the next week. Theater trumps serious solutions as the House Republicans plan a vote on their unrealistic Cut, Cap, and Balance proposal. It truly is theater trumping serious solutions when you put something on the floor that you know may not pass your own body in the House, certainly won't pass the Senate, and would be vetoed by the President, at a time when our Nation's credit is teetering on the edge. Let's stop playing games and solve this problem once and for all. We on this side of the aisle call the plan Cut, Cap, and Kill Medicare for one good reason. Under this reckless plan, seniors could see their Medicare cuts go up by $2,500 beyond Ryan cuts, Social Security benefits could be slashed by $3,000 a year. It is the Ryan plan on steroids. The Ryan plan has been seriously rejected in a bipartisan vote in this body. The American people dislike it intensely. And yet now we have done something that is even more extreme. If you thought it wasn't possible to be more extreme, look at the Cut, Cap, and Kill Medicare plan that some of our colleagues on the other side of the aisle are offering. There are three things wrong with their plan. First, we have a serious debt problem. If the credit of the United States goes into default, we will pay the price for a decade.…
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