For instance, projected Medicare costs will rise over the next seven years by ten point five percent a year if left alone... the Republicans would reduce that increase to six point four percent a year. But that's still an increase, says Gingrich, not a cut.Well, I got to thinking about that and I must tell you I think Gingrich is wrong. Take a family of four. Suppose that family earns enough to buy a loaf of bread each day and everyone gets a fourth of the loaf. That loaf costs a dollar. Now, I know it really costs more, but let's just keep this simple.
Suddenly, mama gives birth to another child. It is now a family of five and the head of the house comes to Mr. Gingrich and says, "I'll need another quarter please to buy another quarter loaf of bread."
And Mr. Gingrich says, "No, sorry. I'll give you another twelve and a half cents. But not a penny more." I suspect that family will think it's just suffered a cut. No longer can everyone have a quarter loaf of bread a day... now everyone has to have less. Even though Mr. Gingrich will say, "Why, that family got an increase in its budget."
Now, any way you slice it, the Republicans are cutting the budget. Perhaps a good thing. Who needs a quarter loaf of bread a day anyway?
An Inclusive Litany
10/10/95
Suddenly... some expert analysis from ABC News correspondent Sam
Donaldson, on "Peter Jennings' Journal," October 31, 1995: