Video archive of the US Congress

Senate Proceeding on Dec 20th, 2009 :: 3:27:40 to 3:29:50
Total video length: 10 hours 31 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

3:27:22 to 3:27:43( Edit History Discussion )

Bob Corker: principle to build upon. mr. coburn: would the gentleman yield? mr. corker: absolutely. mr. coburn: if, in fact, we got rid of 50% of the fraud in medicare and medicaid, generate $600 billion every 10 years. more than offsetting the cuts that have been outlined in this bill on medicare.

Bob Corker

3:27:40 to 3:29:50( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

3:27:44 to 3:28:04( Edit History Discussion )

Bob Corker: mr. corker: so if i understand correctly, 50% of the new patients go into medicaid. 50% of the money comes from an insolvent program. we're not dealing with the doc fix. iant to go back again. many of the savings that they talked about are just like the doc fix.

Bob Corker

3:28:05 to 3:28:25( Edit History Discussion )

Bob Corker: back in 1997, the a.m.a., both sides of the aisle agreed to do something to save medicare. as you know, now, the reid amendment takes out the doc fix, now there is a $587 billion gap, and it's another example of how we don't have the courage -- we put in plac cuts.

Bob Corker

3:28:26 to 3:28:46( Edit History Discussion )

Bob Corker: we're not going to do that. we know what damage that's going to do to patients. in this parcular case we shouldn't do that. but in this particular case, many of these cuts that have been discussed will never take place. they'll never take place. so at the end of the day i come back to the very thing that you've talked about and that is

Bob Corker

3:28:47 to 3:29:08( Edit History Discussion )

Bob Corker: that we have $12 trillion in debt. $38.6 trillion in unfunded liabilities for medicare alone. for medicare alone. and here we are passing a bill that's using up the r that we might otherwise use to make it solvent and instead of making it solvent, we're leveraging a whole new entitlement.

Bob Corker

3:29:09 to 3:29:30( Edit History Discussion )

Bob Corker: i heard some of the pundits this morning, which we hear sunday morning, par rotting what i heard on the other side of the aisle, which is, let's pass this bill. we know it's not very good. but we'll fix it as we move along. and what i fear is as we fix it, we're going to fix it by adding

Bob Corker

3:29:31 to 3:29:53( Edit History Discussion )

Bob Corker: tremendous debtn generations. and my guess is, doctor, that over the next very short period of time, next two or three months, my guess is the other side of the aisle's going to come right back up here with a huge several hundr billion dollar unpaid bill to deal with one of these issues we've been

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