Political Quotes

“The CBO went on to conclude to say: To describe the full amount of HI trust fund savings as both improving the government's ability to pay future Medicare benefits and financing new spending outside of Medicare would essentially double-count a large share of those savings and thus overstate the improvement in the government's fiscal position. What a statement that was. In fact, CBO estimated that if Medicare savings were truly set aside to pay future Medicare benefits, the new health care law would not decrease but increase the deficit over the first 10 years and subsequent decade. They said it would increase the deficit. But there is a lesser known, equally shocking, account gimmick that I wanted to mention today; that is, how it was done with Social Security. They have obtained another $100 billion over the next 10 years by double-counting Social Security money. My time is up, and I could explain it in more detail, but we have to understand this. According to the Congressional Government Accountability Office--and I asked them not too long ago when they issued a report--that over the next long-term implementation of ObamaCare, it would add $6.2 trillion to the debt of the United States. That is almost as much as the liabilities that Social Security has and fully accounted for--my budget staff tells me that the ObamaCare legislation will be harder to fund and add more to the deficit---- The PRESIDING OFFICER. The Senator's time is up.”