Sen. Sessions: The nearly $500 billion in cuts to Medicare actually will add $300 billion to the deficit (video)

Sen. Jeff Sessions accuses democrats of "Bernie Madoff accounting" and said the Senate health care bill will "add $300 billion to the deficit."



Fox News reported:

Republicans, emboldened by a new letter from the Congressional Budget Office, accused Democrats on Wednesday of "Bernie Madoff accounting" for double counting the savings from Medicare as a means to pay for the Senate health care bill.

As the Senate prepares for a crucial vote before final passage of a massive overhaul bill that Democrats argue will reduce the deficit by $132 billion over 10 years, Sen. Jeff Sessions, R-Ala, said the nearly $500 billion in cuts to Medicare actually will add $300 billion to the deficit.