Jack Reed: “Before I yield to the gentleman from New York, I would just like to make it clear that in our House-passed budget, on…”

“Before I yield to the gentleman from New York, I would just like to make it clear that in our House-passed budget, on page 58, lines 8 and 9, it is clearly articulated there that current Medicare benefits are preserved for those in and near retirement without changes. I would also note for the record, to clarify and make sure the record is very clear, that the budget that we are talking about is not going to be presented to the President and enacted into law. What we are talking about here is nothing about ending Medicare as we know it. At this point in time, I yield 2 minutes to my good friend, the chairman, Mr. King from New York.”