On the recordJuly 11, 2012
this afternoon the House of Representatives voted 244 to 185 to repeal the President's health care law, the Affordable Care Act. It was a bipartisan vote. A number of Democrats voted in support of the law, although not as many as voted originally to pass it, because a lot of the Democrats, even those who voted against it, got shellacked in the last election, and it was a pretty rough, intense debate. The American people never felt comfortable with this legislation. I believe it will be repealed. I do not believe it will be implemented. The reason is, whether one likes it or not, we simply do not have the money. I wish to talk about that today. I am the ranking Republican on the Budget Committee, and I wish to share some thoughts with my colleagues as we wrestle with what to do on health care and how to undo the legislation that passed by the narrowest single margin in this Senate on Christmas Eve and was based on false accounting. President Obama promised, before a joint session of Congress in 2009, to spend $900 billion over 10 years on the law. He said: Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years. $900 billion is a lot of money. It is almost twice the defense budget. The President went on to say in support of this health care legislation that it would reduce the debt of the United States. We are going to add all of these new people to the insurance rolls, and it is going to pay for itself and reduce the debt.…
Source
govinfo.gov




