To prevent Medicare from being raided for new entitlements and to use Medicare savings to save Medicare.

SA 2942. Mr. GREGG (for himself, Mr. Corker, Mr. Thune, Mr. Coburn,
Mr. Ensign, Mr. Isakson, Mr. Burr, Mr. Enzi, Mr. Alexander, Mr.
Barrasso, Mr. Cornyn, Mr. McCain, and Mr. LeMieux) submitted an
amendment intended to be proposed to amendment SA 2786 proposed by Mr.
Reid (for himself, Mr. Baucus, Mr. Dodd, and Mr. Harkin) to the bill
H.R. 3590, to amend the Internal Revenue Code of 1986 to modify the
first-time homebuyers credit in the case of members of the Armed Forces
and certain other Federal employees, and for other purposes; as
follows:

At the appropriate place, insert the following:

SEC. ___. PREVENTING THE IMPLEMENTATION OF NEW ENTITLEMENTS
THAT WOULD RAID MEDICARE.

(a) Ban on New Spending Taking Effect.--
(1) Purpose.--The purpose of this section is to require
that savings resulting from this Act must fully offset the
increase in Federal spending and reductions in revenues
resulting from this Act before any such Federal spending
increases or revenue reductions can occur.
(2) In general.--Notwithstanding any other provision of
this Act, the Secretary of the Treasury and the Secretary of
Health and Human Service are prohibited from implementing the
provisions of, and amendments made by, sections 1401, 1402,
2001, and 2101, or any other spending increase or revenue
reduction provision in this Act until both the Director of
the Office of Management and Budget (referred to in this
section as ``OMB'') and the Chief Actuary of the Centers for
Medicare and Medicaid Services Office of the Actuary
(referred to in this section as`` CMS OACT'') each certify
that they project that all of the projected Federal spending
increases and revenue reductions resulting from this Act will
be offset by projected savings from this Act.
(3) Calculations.--For purposes of this section, projected
savings shall exclude any projected savings or other offsets
directly resulting from changes to Medicare and Social
Security made by this Act.
(b) Limit on Future Spending.--On September 1 of each year
(beginning with 2013), the CMS OACT and the OMB shall each
issue an annual report that--
(1) certifies whether all of the projected Federal spending
increases and revenue reductions resulting from this Act,
starting with the next fiscal year and for the following 9
fiscal years, are fully offset by projected savings resulting
from this Act (as calculated under subsection (a)); and
(2) provides detailed estimates of such spending increases,
revenue reductions, and savings, year by year, program by
program and provision by provision.
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