On the recordApril 14, 2011
We've heard this afternoon our debt is unsustainable, it's a warning, it's a fiscal crisis of unprecedented proportions. But heaven forbid to try to solve those great problems that our country has right now, the problem that we have, we ask the wealthiest in the country to just pay a few more thousand dollars, those people who have seen tremendous gains. You know, cry me a river. Here we have David Stockman, former head of the OMB under Ronald Reagan, talking about the budget being presented by the Republicans: ``It's simply unrealistic to say that raising revenue isn't part of the solution. It's a measure of how far off the deep end Republicans have gone with this religious catechism about taxes.'' We're asking for shared sacrifice. You're getting into Medicaid, you're getting into Medicare, you're getting into Pell Grants, but the wealthiest are going to walk away not sacrificing one thing. Three wars we're in, and we can't ask the wealthiest to pay a few bucks. This ends Medicare, Mr. Chairman. Let's be honest. It ends Medicare. These people 55 and under, whose wages have been stagnant for 30 years, now when they get into the Medicare program, they're going to have a voucher or premium support that increases by 2.2 percent indexed to CPI, or 2.5 percent, and the GDP in health care will grow between 4 and 5 percent.…
Source
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