Biden has yet to say just how he would strengthen Social Security and Medicare trust funds

Biden has yet to say just how he would strengthen Social Security and Medicare trust funds

CNN

In his latest move to differentiate himself from House Republicans on entitlement programs, President Joe Biden is making a pretty big promise.

He is vowing to shore up the shaky finances of Medicare’s trust fund, extending its solvency to the middle of the century instead of the expected depletion date of 2028.

“I will not cut a single Social Security or Medicare benefit. In fact, I’m going to extend the Medicare trust fund for at least two decades,” Biden said Thursday in a speech in Florida, echoing similar comments from his State of the Union address earlier in the week.

But just how he will accomplish this objective – as well as one to strengthen Social Security – remains to be seen.

Other than repeating his common refrain of making the wealthy and big corporations pay more, he has yet to outline a vision for securing the entitlement…

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Biden has yet to say just how he would strengthen Social Security and Medicare trust funds

 

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