We are enjoying surpluses in Social Security and Medicare, $165 billion projected next year in surpluses. But by 2017, 2018, that surplus is going to end. The baby boomers are going to retire, and instead of enjoying a big fat surplus, in a few years, just a couple of decades, we will have $300 billion deficit in the Social Security Trust Fund. We will be having to pay out $300 billion more than we are bringing in.
Discussing the future financial challenges of Social Security and Medicare.
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Instead, they’re forced to deal with uncertainty and chaos created by an administration that has systematically weakened the federal student aid system.
The sweeping changes to the federal student loan system originating from that law are compounding the issues that have risen from the dismantling of the Education Department.
When they talk about returning it to the states and making America great again, they’re talking about returning to how it was before 1954.
The administration had been illegally creating these interagency agreements, which are extremely inefficient and wasteful, and also result in inconsistent enforcement of federal education policy.
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