Transcript: Alan Greenspan

SCHUMER: I -- let me just say, Senator Frist and others have a point. Ninety percent of the amendments that were offered by my colleagues on the other side of the aisle were negative, were sort of little gotcha amendments. Senator Hatch had an amendment, states with the letter "U" shall be exempt. They don't have a plan. It's very hard to do this. This is the hardest thing I've ever seen attempted to be accomplished in a legislative context in the 35 years I've been a legislator. We are coming together as Democrats. And we welcome Republicans. We hope Olympia Snowe will vote with us, and maybe a few others. But the Republican Party is a party of "just say no." And this is not 1980. This doesn't work anymore. CORNYN: George, the first amendment that was offered by Senator Jim Bunning was that this product, whatever it is, would be posted on the Internet at least 72 hours and we would know what it cost by the Congressional Budget Office at least 72 hours before there would be a vote in committee and on the floor. Our Democratic friends voted against that. Senator Snowe has been really a champion of more transparency and accountability. And frankly I get the impression that now that our Democratic friends would rather the American people not know what is in the bill because of the more they find out about...

(CROSSTALK)

STEPHANOPOULOS: ... there are secret deals in it, though. What did you mean by that?

CORNYN: Well, for example, the deal that we found out there was an $11 billion mistake by the Congressional Budget Office because the conceptual language that we voted on in the Finance Committee did not include a "hold harmless" agreement with the American Hospital Association, that they would not have to kick in anymore than $150 million toward this deal.

So those are side deals made behind closed doors, secret deals that not all of us know about. Pharma is another example. And...

SCHUMER: Let me just say, on the Bunning amendment, he wanted a two-week wait, we thought it was dilatory. Olympia Snowe reasonably said, let's get a CBO estimate, let's put the bill online for three days so that everyone can read it and see it and go over it. And that is what has happened. It went online Friday. We're not voting until Tuesday. There is no attempt to rush this bill through. We've been at it for six or eight months. It's just that our colleagues on the other side of the aisle want nothing. STEPHANOPOULOS: We're just about out of time. You said the Democrats are coming together. The Democrats still divided over this issue of a public option. Senator Reid says there will be a public option on the floor. You just heard Senator Baucus say the votes just aren't there. And you didn't have the votes to get it out of the Senate Finance Committee.

So what are you talking about here? Are you talking something that is more of a fallback plan like Olympia Snowe -- I don't see how you have the votes for your proposal?

SCHUMER: The more the public looks at the public option, the more they like it, because they see that it is an option. You want to keep your own insurance or go into the exchange? Do it. If you don't like it, you have an option. That's a good thing. Sixty-five percent support it.

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