Forecasters say Social Security won’t be able to pay out its promised benefits in about a dozen years, and Medicare won’t be able to do so in just five years
As he mulls a 2024 presidential bid, former Vice President Mike Pence on Tuesday called for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden, suggesting changes to Social Security and Medicare programs hurtling toward insolvency, particularly for younger generations, without naming specific recommendations.
. Economists say both programs will drive the national debt higher in the decades to come, forcing teeth-gritting choices for the next generation of lawmakers. “If that frustrates you, good — it should, because it’ll be your generation that’s robbed of your dreams and opportunities,” he said. “We’re not going to mess with Social Security as Republicans,” DeSantis, yet to announce a 2024 run, recently said.
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