Tuesday, May 22, 2012
Coburn: Bush presidency a 'missed opportunity'....
Coburn specifically criticized the Republican-controlled Congress and President George W. Bush for enacting Medicare Part D in 2003.
“We created no tax base to pay for it, right? No tax base to pay for it so we created a brand new entitlement program that has $12 trillion worth of unfunded liability. Did we really do that to help people with their drugs or did we do that to make that no longer a campaign issue for the 2004 presidential election?” Coburn said.
“Which was it, because Republican principles would not embrace creating an unfunded entitlement? They might embrace creating an entitlement, but those same principles would say you ought to have a revenue source for it rather than borrow it from your children.”
“We created no tax base to pay for it, right? No tax base to pay for it so we created a brand new entitlement program that has $12 trillion worth of unfunded liability. Did we really do that to help people with their drugs or did we do that to make that no longer a campaign issue for the 2004 presidential election?” Coburn said.
“Which was it, because Republican principles would not embrace creating an unfunded entitlement? They might embrace creating an entitlement, but those same principles would say you ought to have a revenue source for it rather than borrow it from your children.”
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