This is just no more than an effort to go to a conference, a conference that I have labeled the fait accompli conference. There is not a whole lot that has to be done. We have an agreement between the administration and the Congress of the United States, and frankly we ought to get about it. We ought to get it done this week, which we will get done this week. Just in a nutshell, I think we do need to know that this will provide for us the first balanced budget since 1969, since Neal Armstrong walked on the Moon. It will be the largest amount of entitlement savings. It will be the first balanced budget since 1969. It would also contain over the next decade about $700 billion in savings in mandatory spending, including very significant reforms of Medicare. The Medicare savings will be approximately the same amount of savings that the Republicans proposed in 1995. It will also have some structural changes. It is not just about dollars. There will be some adjustment between the rural and urban reimbursements as part of the ability to give our senior citizens more choice.
Editor's note · Context
Discussing the need for a balanced budget and entitlement reforms during a House floor debate.
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