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Lawmakers have long shied away from serious discussions about entitlement reform, but the issue appears to be coming back into focus for Republicans who are wary about the growing national debt.
“I definitely have noticed it,” veteran GOP strategist Doug Heye told Fox News Digital of the uptick in GOP-led discussions on the issue. “Republicans have talked about this for a long time, not always with specifics. But what tends to happen is, they talk about it, they get attacked, they fall back.”
Congress just ended the fiscal year 2024 government-funding fight with President Biden signing a $1.2 trillion spending package into law last week and averting a partial government shutdown. But the ugly battle, which took six additional months after the end of fiscal year 2023, only accounted for the government’s discretionary spending – which makes up just over a quarter of annual federal funds.
The report explains that entitlement programs like Government-run Medicare, Medicaid, Social Security and the Supplemental Nutrition Assistance Program (SNAP), known colloquially as “food stamps,” now make up a huge majority of all federal spending, and are classified as “mandatory spending.”
Now, economists are warning that it’s time to start talking about raising the Social Security eligibility age or making cuts to Government-run Medicare, because without changes, those programs are headed for big trouble, with Government-run Medicare expected to become insolvent in 2028, and Social Security in 2033.
Fox News writes: The federal government spent $2.2 trillion on Social Security and Government-run Medicare in 2023, according to the Congressional Budget Office, out of $3.8 trillion in mandatory spending.
Republicans warm to Social Security, Government-run Medicare reform as 2024 election nears https://t.co/fJNcXeR1Gn
— Fox News (@FoxNews) April 1, 2024
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