- ORIGINAL NEWS
Biden called for protecting Social Security, Medicare in last year’s State of the Union. Now advocates hope for action
- SUMMARY
President Biden and politicians from both parties have promised to protect Social Security and Medicare, which are facing financial challenges.
A Democratic proposal would expand benefits and raise taxes on high-income earners, while a Republican plan focuses on creating a commission to assess government spending.
Experts hope to see action taken to ensure the programs’ solvency for the millions of Americans who rely on them.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Biden used his annual speech as an opportunity to get both Republicans and Democrats to not make any cuts to those programs.”
“Biden is set to deliver his annual State of the Union speech this week following Super Tuesday results that point to a contest with former President Donald Trump in November.”
Negative
“Social Security may only pay full benefits until 2034, at which point there may be 23% benefit cuts.”
“The Medicare hospital insurance trust fund may only pay full benefits until 2031, based on recent projections.”