Lloyd Bentsen: “it is interesting, all of the bipartisan things that were supposed to be in this budget. The bipartisan things in the…”

“it is interesting, all of the bipartisan things that were supposed to be in this budget. The bipartisan things in the House seem to be lost from this balanced budget, whether it is our commitment to education, whether it is our commitment to increasing funding for basic science research, whether it is our commitment not to spend the Medicare trust funds. I want to go to comments of the gentleman from Georgia (Mr. Kingston) about little Julie Lawhon from Savannah. In fact, the way this budget is structured, she would not get any of that tax cut back, because she does not make enough money to qualify for the tax cut that they want to provide. Second of all, what would happen is this budget would spend so much of the Medicare Trust Fund that by the time little Julie was able to get Medicare benefits that she is paying out of that $4, the benefits would be cut so low and probably the payroll taxes raised so high because we raided it through this budget, that she would not get much for that. So I am afraid little Julie from Savannah, Georgia would end up paying a lot more under this budget than less. Mr. Speaker, the problem with this budget is contrary to what Congress voted on this year and last year. This budget spends about $300 billion of obligated Medicare trust funds to help pay for the tax cut and to help provide some sort of prescription drug component and some form of Medicare reform, whatever that may be.”