{"id":13414,"date":"2024-04-17T16:00:31","date_gmt":"2024-04-17T16:00:31","guid":{"rendered":"https:\/\/lonecandle.com\/?p=13414"},"modified":"2024-04-17T16:00:31","modified_gmt":"2024-04-17T16:00:31","slug":"biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=13414","title":{"rendered":"Biden and Trump Try To Wish Away the Looming Entitlement Crisis"},"content":{"rendered":"\n<p>&#8220;Contrary to what Trump and Biden imply, it is impossible to &#8220;protect&#8221; Social Security and Medicare by doing nothing. Inaction will guarantee&nbsp;<a href=\"https:\/\/reason.com\/2023\/05\/09\/failing-to-reform-social-security-means-mandatory-cuts\/\" target=\"_blank\" rel=\"noreferrer noopener\">automatic benefit cuts<\/a>&nbsp;in less than a decade.<\/p>\n\n\n\n<p>In 2033, according to the&nbsp;<a href=\"https:\/\/www.ssa.gov\/OACT\/TRSUM\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">latest projections<\/a>, Social Security&#8217;s trust fund &#8220;will become depleted,&#8221; and &#8220;continuing program income will be sufficient to pay 77 percent of scheduled benefits.&#8221; Two years before then, Medicare&#8217;s hospital insurance trust fund &#8220;will be sufficient to pay 89 percent of total scheduled benefits.&#8221;&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"RCvOD5dZnp\"><a href=\"https:\/\/reason.com\/2024\/03\/27\/biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis\/\">Biden and Trump Try To Wish Away the Looming Entitlement Crisis<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Biden and Trump Try To Wish Away the Looming Entitlement Crisis&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/03\/27\/biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis\/embed\/#?secret=fzfn0y9NbC#?secret=RCvOD5dZnp\" data-secret=\"RCvOD5dZnp\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Contrary to what Trump and Biden imply, it is impossible to &#8220;protect&#8221; Social Security and Medicare by doing nothing. Inaction will guarantee automatic benefit cuts in less than a decade.<br \/>\nIn 2033, according to the latest projections, Social Security&#8217;s trust fund &#8220;will become depleted,&#8221; and &#8220;continuing program income will be sufficient to pay 77 percent of scheduled benefits.&#8221; Two years before then, Medicare&#8217;s hospital insurance trust fund &#8220;will be sufficient to pay 89 percent of total scheduled benefits.&#8221;&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/03\/27\/biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[375,7,278,221,674,780,378,675,170,150],"class_list":["post-13414","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-biden","tag-debt","tag-deficit","tag-donald-trump","tag-entitlements","tag-joe-biden","tag-medicare","tag-social-security","tag-trump","tag-welfare"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13414"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13414\/revisions"}],"predecessor-version":[{"id":13415,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13414\/revisions\/13415"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}