PRESIDENT CLINTON: Now, folks, this is serious, because it gets worse.
And you won’t be laughing when I finish telling you this. They also want to block-grant Medicaid, and cut it by a third over the coming 10 years.
AUDIENCE MEMBER: No!
PRESIDENT CLINTON: Of course, that’s going to really hurt a lot of poor kids. But that’s not all. Lot of folks don’t know it, but nearly two-thirds of Medicaid is spent on nursing home care for Medicare seniors — (applause) — who are eligible for Medicaid.
(Cheers, applause.) It’s going to end Medicare as we know it. And a lot of that money is also spent to help people with disabilities, including — (cheers, applause) — a lot of middle-class families whose kids have Down syndrome or autism or other severe conditions. (Applause.) And honestly, let’s think about it, if that happens, I don’t know what those families are going to do.
So I know what I’m going to do. I’m going to do everything I can to see that it doesn’t happen. We can’t let it happen. (Cheers, applause.) We can’t. (Cheers, applause.)
President Clinton's full speech: