Some GOP Lawmakers Want to Reform Social Security, Medicare

Some Republican lawmakers are insisting on addressing the mounting debt from Social Security and Medicare, despite GOP leadership vowing not to amend the programs, the Daily Caller reported.

The Social Security Administration has warned that its trust fund reserves could exhaust its resources if Congress doesn't make changes. One projection by the Congressional Research Service predicts the program will reach insolvency by 2035.

“If we do nothing, we’re going to have anywhere from a 25% cut to a 26% cut across the board,” Republican Study Committee (RSC) Chairman Kevin Hern of Oklahoma told the Daily Caller. 

President Joe Biden is “pushing for insolvency by not doing anything, If we look inside this budget window, there’s going to be an insolvency issue. And Joe Biden and the Democrats, and I would argue all Republicans, need to sit down and have an adult conversation about how we save what we promised to the American people.”

The RSC’s Blueprint to Save America 2023 budget calls for raising Social Security’s early and full retirement ages and means-testing the program for future recipients, the Daily Caller noted.