Biden wants to make sure Medicare lasts the next 25 years by raising taxes on people making over $400,000 and pushing on big pharma to lower drug prices

Tech Insider : Economy, Politics
Biden
President Joe Biden speaks at the White House on January 12, 2023.

AP Photo/Andrew Harnik

If you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending

Tech Insider : Economy, Politics
House Minority Leader Kevin McCarthy speaks during a weekly Capitol Hill press conference on May 28, 2020 in Washington, DC.
Speaker of the House Kevin McCarthy.

Alex Wong/Getty Images

Trump bashes the GOP lawmakers who want to 'destroy our great Social Security' by raising the retirement age to 70

Tech Insider : Economy, Politics
Donald Trump at CPAC
Former U.S. President Donald Trump addresses the annual Conservative Political Action Conference (CPAC) at Gaylord National Resort & Convention Center on March 4, 2023 in National Harbor, Maryland.

Anna Moneymaker/Getty Images

There are whispers on Capitol Hill of a rare bipartisan effort to overhaul Social Security as the program is set to go broke in less than 10 years

Tech Insider : Economy, Politics
Sen. Mitt Romney (L), President Joe Biden (R).
President Joe Biden has previously said that he's open to ideas to avoid Social Security's impending insolvency. A group of bipartisan lawmakers including Sen. Mitt Romney are reportedly considering a federal Sovereign Wealth Fund as one proposal.

Anna Moneymaker/Getty Images, Carolyn Kaster/AP

After being attacked by both Democrats and the GOP, Rick Scott edits his plan to sunset all federal laws every 5 years. He now wants to make exceptions for Social Security, Medicare, and the military.

Tech Insider : Economy, Politics
Rick Scott
Florida Sen. Rick Scott speaks during a news conference following the GOP weekly policy luncheon on Capitol Hill on September 20, 2022.

AP Photo/Jose Luis Magana

Trump joins Mitch McConnell in bashing Rick Scott's Social Security and Medicare plans, telling him to 'be careful': 'THERE WILL BE NO CUTS!'

Tech Insider : Economy, Politics
Sen. Rick Scott, Donald Trump
Sen. Rick Scott (left), Donald Trump.

Anna Moneymaker/Getty Images, Scott Eisen/Getty Images

Ted Cruz calls McConnell's dispute with GOP Sen. Rick Scott 'petty bickering' as GOP senators urge them to mend their rift

Tech Insider : Politics
Republican Sen. Rick Scott of Florida and Senate Minority Leader Mitch McConnell at a press conference on September 13, 2022.
Republican Sen. Rick Scott of Florida and Senate Minority Leader Mitch McConnell at a press conference on September 13, 2022.

Tom Williams/CQ-Roll Call via Getty Images

How Social Security and Medicare became the latest battleground in Biden's showdown with the GOP

Tech Insider : Economy, Politics
President Joe Biden
U.S. President Joe Biden speaks during an event to discuss Social Security and Medicare held at the University of Tampa on February 09, 2023 in Tampa, Florida. The visit comes two days after his State of the Union address in Washington, where accused some republicans of wanting to cut social security and medicare.

Joe Raedle/Getty Images

Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn't raise the debt ceiling, Janet Yellen says

Tech Insider : Economy, Politics
Treasury Secretary Janet Yellen speaks during an event at the US Department of the Treasury on September 15, 2021 in Washington, DC.
Treasury Secretary Janet Yellen.

Drew Angerer/Getty Images

Bernie Sanders, Elizabeth Warren, and other Democrats are once again trying to give retirees an additional $2,400 in their Social Security checks

Tech Insider : Economy, Politics
A composite photo of Elizabeth Warren, at left, and Bernie Sanders

Win McNamee/Getty Images; Hollis Johnson/Insider

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