[Congressional Record Volume 141, Number 92 (Wednesday, June 7, 1995)]
[House]
[Page H5629]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




    MEDICARE AND SOCIAL SECURITY USED TO BALANCE PROPOSED GOP BUDGET

  (Mr. STUPAK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. STUPAK. Mr. Speaker, having spent the last week in my district, 
it is obvious to me and to the 130,000 seniors in northern Michigan 
that the Republican budget proposals are wrong. In their budget 
resolution, they want to balance the budget on the backs of our 
seniors, veterans, and college students.
  The Republicans want to cut $282 billion from Medicare over the next 
several years. They say they must cut $282 billion to save Medicare. 
Yet Medicare fund trustee Stanford G. Ross has testified that Medicare 
needs $130 billion to remain solvent. Not $282 billion. Why the extra 
$152 billion? The Republicans want that money to pay for the tax breaks 
they are giving to large corporations and the top 1 percent of the 
wealthiest Americans, the millionaires and the billionaires, while they 
slash Medicare.
  You know what else? The GOP plan as passed by the other body says 
that they will pass a balanced budget by 2002, but when you look at the 
bill, they still have a $113 billion deficit. You know where they are 
going to make it up? By borrowing from the Social Security trust fund.
  Mr. Speaker, the Republicans have broken their contract by using 
Medicare to balance the budget and by using Social Security to balance 
the budget.

                          ____________________