The worst financial situation of Social Security and Medicare represented a "slow-rolling catastrophe", Fox News contributor Charles Hurt said on Tuesday.
"The fact remains that they're going to be insolvent and something has to be done about it. , "Hurt is in the" Special Report ".
His comments came in the light of a report in which trustees warned the programs were headed for insolvency.
In 2020, the report said Social Security's total costs will exceed its total For the first time in nearly four decades, for the first time in nearly four decades, and in seven years, the Medicare's Hospital Trust Fund will be depleted.
More progressive lawmakers, including Sen. Bernie Sanders, I-Vt., Have suggested expanding Medicare to create a single-payer health care system. According to Hurt, this would only make matters worse by further centralizing power in the hands of a bureaucrat.
MEDICARE CHIEF Says MEDICARE-FOR-ALL IS "THE BIGGEST DRINK TO AMERICAN HEALTH CARE SYSTEM" [1
" Massively "expanding Medicare, he added, would not fix the program. "It's going to break it," he said.
Jonah Goldberg, a senior editor at National Review, argues that while President Trump's administration ignored the bleak future of Medicare and Social Security, Democrats suggested policies that would aggravate the situation. Goldberg said. "We're having a massive wealth transfer from young people to old people," Goldberg said. "
Although Hurt acknowledged the situation looked bad, he also predicted that the country's strong economic situation made it easier for the government to reform these costly programs. "It's going to be a lot easier to fix these programs with a good economy like the one we have right now," he said.