Senate Republicans have no intention of making cuts or changes to Medicare or Social Security programs, according to Senate Minority Leader Mitch McConnell (R-Ky.).
McConnell made the declaration at a Feb. 14 press conference at the Capitol when asked whether Sen. Rick Scott (R-Fla.) should disavow a plan he proposed last year that would require all federal programs—including Medicare and Social Security—to expire every five years, requiring reauthorization from Congress.
“This continues to come up,” McConnell said. “The president was talking about it in the State of the Union. … So, let me say it one more time. There is no agenda on the part of Senate Republicans to revisit Medicare or Social Security, period.”
In his State of the Union address on Feb. 7, Biden accused “some Republicans” of wanting to “sunset” Medicare and Social Security in an apparent reference to Scott’s plan.
That comment was met with loud boos and calls of “Liar!” from the Republican members in attendance.
Protect Our Seniors Act
Following the president’s speech, Scott put forth a new plan, dubbed the Protect Our Seniors Act, which would rescind funding from the Inflation Reduction Act that was allocated for 87,000 new IRS agents and channel it toward Medicare and Social Security Administration Trust Funds.The bill would also require a two-thirds vote of Congress to approve any cuts or reductions to Medicare or Social Security benefits, and it would prevent any savings produced from changes to the programs from being redirected elsewhere.
In January, the U.S. approached its borrowing limit of $31.4 trillion but was forestalled by the Treasury Department through June 5. If the limit is reached, the government will be unable to borrow funds to meet its financial obligations.
Despite this, McConnell was confident Tuesday that the matter would be resolved through negotiations, assuring, “America’s never going to default.”