[Congressional Record Volume 141, Number 82 (Wednesday, May 17, 1995)]
[House]
[Page H5086]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       SOLUTION TO SAVE MEDICARE

  (Mr. HOKE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HOKE. Mr. Speaker, here is the problem. The fund is projected to 
be exhausted in 2001. Signed by the Secretary of the Treasury, 
Secretary of Labor, Secretary of Health and Human Services. Medicare is 
going broke. Projected to be exhausted, 2001. Here is our solution.
  We increase spending from $4,700 to $6,300 per capita, at the same 
time slowing the rate of growth from about 10.5 to 5.5 percent. We save 
Medicare, we balance the budget, and we preserve the blessings of 
liberty to ourselves and our posterity.
  Here is the President's plan.
  Let me go over this one more time. Here is the problem. The fund is 
going to be exhausted in 2001. Here is the solution. We are increasing 
spending while reducing the rate of growth. And here is the President's 
plan.
  Yes, that is an ostrich.

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