NAN A. S. HAYWORTH: “I believe the analogy is apt, and I believe there is a new development which we should share with the American people…”

“I believe the analogy is apt, and I believe there is a new development which we should share with the American people, reported first by our good friend from Texas, Bill Archer, chairman of the House Committee on Ways and Means, a gentleman who has his finger on the pulse of economic activity in this country, a gentleman who wants to bring about meaningful reform to our system of taxation that currently absolutely penalizes people who succeed, and this is the development. I am sad to say this is really the message that can only be borne with a certain amount of trepidation and fear, and it is this: Those self-same trustees on a bipartisan basis now report to us, though the White House has yet to formally release this report, they now tell us that the hospital fund for Medicare is in debt in excess of $4 trillion. So, in essence, what has happened, to draw on the history of ancient Rome, we have a lot of folks pulling out their fiddles to play while the program is going up in flames, all because of the cynical manipulation and electioneering that some of this Chamber would do to try and succeed in the next election instead of trying to truly save the program for the next generation.”