Debate over the future of Medicare and Social Security have exposed a rift among Republican presidential candidates and potential 2024 hopefuls as GOP lawmakers and the White House face off over how to address the ballooning federal debt.
of Florida that called for the sunset of all federal legislation after five years unless Congress acts. Scott has since revised the plan to exclude the two programs.said Republicans would not touch Social Security and Medicare. But not all potential Republican presidential candidates are vowing a hands-off approach — and in at least one case it has become a point of contention.
He added that he would not change the programs for people already in or near retirement and said"there's settled expectations there, particularly for people that are actively on it now." Mr. Trump's current stance also sets him apart from other candidates or potential hopefuls who have weighed in on the issue in recent weeks.
Former United Nations Ambassador Nikki Haley, who has officially launched a bid for the White House, has also signaled support for reform but it remains to be seen exactly how she would want to change programs. "I'm looking for people who take the time to educate instead of going straight to the proposal," he said."I think if you go straight to the proposal it's a mistake. People don't fully understand the problem."
"If you wait until the trust funds exhaust, then you have to make some real dramatic decisions really quickly, raising taxes rather dramatically, cutting benefits," said Bill Hoagland of the Bipartisan Policy Center."No, these are things that could be phased in over a decade such that these would not be massive changes to individuals reaching retirement in 2033 or so."
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