[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 4364]
[From the U.S. Government Publishing Office, www.gpo.gov]




           FISCAL SOLVENCY UNDER THE REPUBLICAN HOUSE BUDGET

  (Mr. KINZINGER of Illinois asked and was given permission to address 
the House for 1 minute.)
  Mr. KINZINGER of Illinois. Our Nation is currently standing at a 
critical crossroads. Should Washington weigh deeper into the red or 
should we continue cutting spending and get our Nation on the track 
towards fiscal solvency under the House Republican budget, which cuts 
more than $5 trillion while preventing the President's tax increases?
  In addition to paving the way for our Nation to get back on track 
towards economic security and prosperity, the Republican budget also 
puts forward bipartisan solutions to save and strengthen Medicare for 
current seniors and for our children and grandchildren.
  Under our current trajectory, Medicare will be bankrupt in just a 
decade. This plan preserves current Medicare plans for those in and 
nearing retirement while offering guaranteed coverage options for 
future seniors, including those with preexisting conditions or tough 
health histories. It is financed by a premium support payment which 
would provide more assistance to low-income and less healthy seniors. 
The Medicare plans will compete against one another, which ultimately 
will create lower costs and a better quality of care.
  The budget refuels our economy to create an environment for 
businesses to grow jobs with fundamental tax reform, protects the 
security of health and retirement plans, and begins to reduce our 
deficit now to leave our children with a country free from debt.

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