Video archive of the US Congress

Senate Proceeding on Dec 20th, 2009 :: 1:20:15 to 1:22:35
Total video length: 10 hours 31 minutes Stream Tools: Stream Overview | Edit Time

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Lindsey Graham

1:20:11 to 1:20:31( Edit History Discussion )

Lindsey Graham: health care and it's going to increase the deficit. and that is -- that's why they're oh mr. graham: would yield for another question? mr. chambliss: sure. mr. graham: that's talk about class act a little bit more. it's a new program that doesn't exist today where the federal government, as i understand it, will be offering long-term health care insurance to the american people.

Lindsey Graham

1:20:15 to 1:22:35( Edit History Discussion )
Speech By: Lindsey Graham

Lindsey Graham

1:20:32 to 1:20:52( Edit History Discussion )

Lindsey Graham: it's a voluntary program at first, just like everything else around here. guess who's going to sign up? it's called adverse selection. the sickest people in the country are going to sign up. under the bill as it's just like what senator isakson said about the underlying bill. you collect tax for ten years, you pay out benefits for six.

Lindsey Graham

1:20:53 to 1:21:13( Edit History Discussion )

Lindsey Graham: that's the way you get the money to make the numbers come out right. well, guess what happens in the class act, one's heard much about? you start collecting premiums in 2011 but you don't pay any benefits until guess what that generates money to be used to say to the

Lindsey Graham

1:21:14 to 1:21:35( Edit History Discussion )

Lindsey Graham: american people, this bill is paid for. but when you ask the c.b.o. about what happens after 2016, they say by 2029, i think it is, the whole thing falls apart because the only people in the program are the sickest folks because it's a voluntary program program, andt the end of the day, you've created a new entitlement and everybody in this body is going to be rhing

Lindsey Graham

1:21:36 to 1:21:57( Edit History Discussion )

Lindsey Graham: to subsidize premiums and get more people into this system. it will be another entitlement that grows and c.b.o. says it will be a deathblow to our fiscal soundness. so i would ask the senator from georgia, when senator conrad, who we all respect, said this is a giant ponzi scheme that bernie

Lindsey Graham

1:21:58 to 1:22:18( Edit History Discussion )

Lindsey Graham: madoff would have been proud of, do you think that's what he meant, you collect premiums and you make it look like you -- you have money you really don't have and you put off paying out benefits? and at the end of the day, would the senator agree wh me, i've got a letter from october 23, 2009, from senator conrad, landrieu, lincoln, warner,

Lindsey Graham

1:22:19 to 1:22:37( Edit History Discussion )

Lindsey Graham: lieberman, bayh, and nelson to the majority leader saying please take the class action out of the bill. wouldhe senator agree class -- please take the class act out of the bill. would the senator agree that the class act is still in the bill and that anybody who votes to send this off to the froze become law -- president to

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