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Writer's picture: Caroline StephensCaroline Stephens

May 6th 2024
May 6th 2024

Social Security and Medicare Continue on Path to Insolvency, Trustees Confirm

      WASHINGTON, D.C. – Today, the Social Security and Medicare Trustees annual reports were submitted to Congress. The reports highlight the alarming financial predicament for the future of the Social Security and Medicare programs that millions of seniors depend on.

Chairman Arrington's Statement on the Social Security and Medicare Trustees Reports:

In response to the reports, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement:

      “We have the highest levels of indebtedness in our nation’s history, an inflationary and anemic economy, and the two most important senior safety net programs facing insolvency.


For more:


Social Security and Medicare Continue on Path to Insolvency, Trustees Confirm | The U.S. House Committee on the Budget - House Budget Committee.


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May 06, 2024

Social Security and Medicare Continue on Path to Insolvency, Trustees Confirm

      WASHINGTON, D.C. – Today, the Social Security and Medicare Trustees annual reports were submitted to Congress. The reports highlight the alarming financial predicament for the future of the Social Security and Medicare programs that millions of seniors depend on.

Chairman Arrington's Statement on the Social Security and Medicare Trustees Reports:

In response to the reports, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement:

      “We have the highest levels of indebtedness in our nation’s history, an inflationary and anemic economy, and the two most important senior safety net programs facing insolvency.

This trustees report only reiterates why we need a bipartisan Fiscal Commission to address the Social Security and Medicare Trust Funds and the $140 trillion unfunded liability on America’s balance sheet. 


Republicans and Democrats have both proven they will not fix Social Security and Medicare on their own. We must put our seniors and country first and work together to find a solution. Doing nothing is condemning our seniors to automatic benefit cuts and our country to a future debt crisis.”


For more:



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