Political Quotes

On the recordFebruary 16, 2000
when I began my remarks, I mentioned that 1965 is when Medicare was begun, and as we look back 35 years, it is hard to imagine now a time when seniors did not have Medicare, when they did not have a guarantee of health care, just as it was impossible for them to imagine looking forward into time what health care could provide now. We are at a particularly wonderful moment in our history. Over just the past 5 years or so, we took a Nation that was plunging into debt, $250 billion a year adding to the Nation's debt, and by 1997 making a lot of difficult decisions, including many that affected the Medicare program and trying to squeeze out some of the waste and fraud in Medicare, and we balanced the budget. Last year, in fact just late last year, we made another huge decision here in Washington. We said we are not going to spend any more of the Social Security trust fund on anything else but Social Security, and that is another milestone that was brought about because of the fiscal discipline that we have demonstrated over the last several years. Now we are taking down debt. We are to the point where by the end of this fiscal year, by next October, we will have paid down over a quarter trillion dollars in debt. So this is a golden moment in American history. The economy is strong. Revenues are coming in.…
Said by
James P. Greenwood
Pennsylvania

Editor's note · Context

Discussing the historical significance of Medicare and recent fiscal achievements.

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