US Presidency
1984

And people will remember that you signed the biggest tax increase in the history of California and the biggest tax increase in the history of the United States, and what are you going to do? You've got a $ 260 billion deficit. You can't wish it away. You won't slow defense spending; you refuse to do that'Ms. Walters. Mr. Mondale, I am afraid your time is up. Mr. Mondale. Sorry. Ms. Walters. Mr. President? The President. Yes. With regard to Medicare, no, but it's time for us to say that Medicare is in pretty much the same condition that Social Security was, and something is going to have to be done in the next several years to make it fiscally sound. And, no, I never proposed any $ 20 billion should come out of Medicare; I have proposed that the program we must treat with that particular problem. And maybe part of that problem is because during the 4 years of the Carter-Mondale administration medical costs in this country went up 87 percent. Ms. Walters. All right. Fine. The President.