Political Quotes

“I thank the Senator from Wyoming. I came prepared with charts, and a number of things that have already been mentioned by my colleagues I am ready for. We are talking about the true cost of the health care law. When this was passed--and I actually grossed up these figures because they actually netted out--the savings of Medicare with new spending in Medicare, the way ObamaCare was originally going to be paid for was about $1.3 trillion to cover about $1.1 trillion in outlays. That was split up in basically two ways: about $590 billion in taxes, fees, and penalties, and then $665 billion in reductions in Medicare, Medicaid, and Medicare Advantage. Now, we have not imposed the $208 billion of the doc fix, the sustainable growth rate formulas, because even Washington realized if we reduce payments to providers, there will be less access for seniors. So I guess I don't have any reason to believe those cuts in Medicare will actually occur. If we move the budgetary window forward to the timeframe when ObamaCare truly kicks in--because, initially, by the way, we had 10 years of revenue and only 6 years of outlays. But really we only had 4 years of full outlays. If we move the budget window forward, the true cost of ObamaCare over a 10-year window is $2.4 trillion, and that is a very minimal estimate. That is very conservative.…”