They borrow the Social Security surplus and the Medicare surplus. And depending on which projections are used, they are spending substantially more money than that every year, creating huge deficits and a $9 trillion turnaround, paying off the entire national deficit, to massive deficits and new debt and new interest on the national debt for years to come.
Discussing the impact of borrowing from Social Security and Medicare surpluses on national debt.
Share
More from Bobby Scott
I’m disappointed the majority again ignores parents’ concerns, favoring divisive culture wars for political gain.
It’s difficult to articulate how impractical these proposals are, to say nothing of the pain and suffering they’ll inflict on students, educators and their communities, if they were to become law.
Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.
The repeal represents the federal government walking away from that responsibility, which jeopardizes the hard-fought progress we have made.
Other voices in this conversation
