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Sen. John McCain sounds off on the anniversary of the president's health care reform law, the upcoming Supreme Court showdown and the potential impact...
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Senator nice to say thank you Greta I at least seven other recent Twitter and the recent tweet -- -- it says good news.
Senate just -- act act.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well I like the stock act I think it's important signal the sand.
Although I don't think it's.
Has as much impact as it's advertised but we did have an amendment on.
To cut out these outrageous bonuses.
For Fannie and Freddie checks and.
That they claim that they can attract good people -- much they paid him 1200000.
Dollars in bonuses.
When we have people who are serving in the military in the cabinet in many other positions of responsibility so.
I thought we had maybe some patriotic Americans who would like to have sort out this mess of Fannie and Freddie without having to have.
Hundreds of thousands of dollars in bonuses by where their predecessors as you know ripped off made -- that's what.
I realize it.
Campaign for the legal fees and -- and then it's extraordinary -- think maybe invest it or ripping us off.
And we're paying their legal and we and millions -- legal things I mean you can't Kensington at a -- Tens of millions you can't make that -- -- and stated they should be forced to give that money back and they were.
Like 4050 million Johnson rains a whole bunch of those guys.
And it it points employment act for lawyers they probably -- twelve lawyers to a deposition -- -- the taxpayers are gonna pay for the people being investigated for cheated taxpayers.
And then you wonder why the American people are -- Let me go to the stock act on this another one I don't get them you've now passed -- stock at where it says it's improper insider trading.
Did you -- not seem like Wall Street you know all the way pitching pitching with and perhaps that -- -- -- special.
Lot to tell you that this is a lousy idea that this is immunity.
Well one would think.
That this act was not necessary that we could expect through rather -- rules that we have an ethics committee back.
If it makes people feel better and.
Fine the better I would experts on the fact that evident that -- -- is so wrong to use inside information to cheat to get an advantage.
As as a member of congress at the house of the senate.
And yet it was going on and then there was even some resistance to passing a -- to finally inform the members.
Don't do this this is wrong.
All I can say regret is that.
I think overall at the end of the day we glad it was passed -- fine.
What was it really necessary to tell members of congress that they should do insider trading.
The Affordable Care Act yesterday took the floor.
Talking about the class act is if if BS.
If this health care law's declared unconstitutional.
By the end -- -- by the next it's been put.
What happens.
I think it depends on what portions of the -- that the Supreme Court made declare unconstitutional.
But I say the whole thing because there and there's a chance -- had a chance at a half what they -- -- but they could dump the whole thing.
Then I think would give us a chance to sit down and start over in this time with the object.
Preserving the quality of health care -- which is the highest.
And bringing the costs down that was the whole purpose of obamacare to start with -- obviously -- didn't.
To curve could bend the curve down it and it up and it was one of the biggest takeovers.
15 of our gross domestic product.
Health care industry in America put it over he had taken over by the federal government what that Obama care what I think.
We'll be declared unconstitutional.
Is the notion.
That the government can provide.
A prescribe a product.
Say you have to have certain agreements -- ingredients of it and then fine you if you don't.
Buy that product for use that prime.
That's what this whole argument is about and I believe that if violates the commerce clause of the constitution United States.
And I cannot believe that in any way you could -- -- is being constitution.
Well many people think that many people in this and -- sun -- say that the mandate clause -- just noted is unconstitutional.
But in this statute.
Is missing something called the seven ability clause would mean you can't just carve off the attorney part and let the rest of statutes and -- -- on -- ourselves even at best equipment -- isn't.
That's threatening.
-- -- the whole thing that policy and we would be glad to be joined with the president and go back and start over with the one object in mind preserving quality health -- in America.
And bringing the costs down if we don't know Americans are not going to be able to afford it.
We don't know with the problems Medicare's him fiscally and we -- it's gonna collapse that's why Paul Ryan.
Is proposing some of the choices now that people might have under his budget.
And on this that it bothers -- was at this discussion we talk about costs are going up they're not going down as expected yet.
The Washington names at the Affordable Care Act and I you know at some women the American people are sitting -- thinking like.
Could be and it really I mean.
-- let me mention two things really resonate with the American people one was -- deal making the cornhuskers kickback the Louisiana purchase that.
Bringing in the various elements of the health care industry and basically bludgeoning.
Then in the pharmaceutical companies that hospital association AMA.
Bludgeoning them into submission to support it -- the other thing that the American people really objected to.
Was this whole idea of this class act.
In other words that was gonna take care of people's long term care.
And of course when people haven't used it then they pay into the system so that artificially.
Made the cost of Obama care less.
Thank god for senator Judd Gregg of New Hampshire he an amendment on their that they had to certify that over 75 years.
That this would be.
A system that would pay its own way.
They couldn't do that they couldn't do that and so that part -- of obamacare is -- thank god.
I think the American people also saw how the sausage is made whether -- for the healthcare bill are not -- I think a lot of Americans are troubled that it was about 25 or 2800 pages thick.
And everybody voted yes -- no but nobody read it for voting on it it's really hard for American people thinking like what even knowing -- voting about.
But I think the other thing that's that's.
Evidence enough news that there have been thousands of pages of regulations.
Already issued thousands of pages of regulations.
Every everyone in the investors are saying here we've got -- had to hire lawyers to thumb through all of these thousands of pages.
Regulation.
And not -- and out.
One elected official -- those real regulations those -- being farmed out to parts of the government people who are on elected we're making decisions about our healthcare.
And so again.
It's no wonder to me thank god that over 60% of the American people believe that the whole thing ought to be repealed.
-- that's not to say.
That we don't have to -- -- health care system in America and we have to fix the symptoms of the problems which are Medicare.
And Medicaid Medicare's going broke we all know that.
So would it be nice if we sat down together.
And recognize that all of us have to make some sacrifices.
Including preserving the present benefits -- present retirees.
-- have those benefits but making some changes so that their kids.
We'll also have Medicare when the time comes for them to be a beneficiary.
Rather than paying into it and get nothing out and that's what the situation will be.
