It was an apparent reference to a plan put out last year by Sen. Republicans loudly booed when Biden, in his most recent State of the Union address, accused some of them of seeking to sunset the two programs. Tim Scott, meanwhile, vowed to "reduce the costs and make sure we never, ever cut Medicare or Social Security benefits" if elected president.īut many others, including party leaders, have bristled at accusations that the GOP wants to gut Social Security and Medicare.
Nikki Haley, who launched her campaign in February, has called for changes - including raising the retirement age and limiting benefits for wealthier beneficiaries - that would affect younger generations. Some Republicans, including a handful vying for the presidency, have continued to advocate for entitlement reforms as they warn of a looming insolvency crisis.įormer South Carolina Gov.
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The Social Security administration's excess reserves as a whole are currently on track to be depleted starting in 2034, while Medicare's Hospital Insurance trust fund is projected to be unable to pay full benefits by 2031. They also oppose some of the ideas put forward to reform the programs, such as raising the age of eligibility, reducing the size of Social Security payments or raising Medicare premiums.īut both programs are set to run dry in the coming years, as the growing pool of benefits-eligible seniors eclipses the shrinking workforce funding them through their payroll taxes. adults across the political spectrum consistently say they oppose cutting Medicare and Social Security benefits. Older voters tend to turn out at higher rates than younger groups, and they also tend to skew more heavily Republican. In turn, the share of registered voters over 50 has surged in recent decades. seniors depend on Social Security and Medicare benefits, and that number is growing as the population ages. If Trump was making a political calculation, it wasn't a difficult one. "We're not going to raise the age and it will be just fine." "We're going to save it without increases," Trump said at the time. Trump himself had once called for raising the Social Security retirement age to 70 - but he abandoned that view by the time he was a presidential candidate in 2015. Trump realized "he could just tell people what they wanted to hear, and nobody had actually tried that in the Republican Party," Teles said. "Trump had no commitment to any of that framework at all."
economists - lower taxes, lower entitlements, more trade, etc.," said Steven Teles, a professor of political science at Johns Hopkins University and senior fellow at the Niskanen Center, in an interview. "The Republican Party had a lot of positions that were the positions of conservative Ph.D. Some experts trace that inflection point back to Trump's political ascent. The gulf between the presidential front-runners and more traditionally conservative figures like Pence, Trump's former top ally who faces long odds for the White House, reflects a broader retreat from a position that was once central to the GOP's message of fiscal responsibility. Both of them refuse to even talk about the issue and take it to the American people." Trump and President Joe Biden have both attacked DeSantis from the same angle.ĭeSantis has since reversed himself, assuring in recent months that Republicans are "not going to mess with Social Security." And his presidential campaign has spent little time dwelling on the issue - perhaps unsurprising, given that a pro-Trump pollster reportedly found DeSantis' record on entitlement cuts is his most vulnerable position with swing state voters.īiden's "policy is insolvency," Pence said, but "you deserve to know, my fellow Republicans, that Donald Trump's position on entitlement reform is the same. His stance puts him directly at odds with former President Donald Trump, who has roundly rejected any cuts to the two programs and has whaled on DeSantis over his past support for restructuring proposals. If left unaddressed, the programs' burdens will "crush the future" for the next generation, he argued.
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"The biggest drivers of runaway spending are our New Deal and Great Society programs upon which Americans depend every day, Social Security and Medicare," Pence said in his presidential announcement speech. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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