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Press Release

FreedomWorks Statement in Response to Report that Social Security Trust Fund Will be Depleted by 2035

WASHINGTON, D.C. -- In response to CMS’s release of its 2019 Medicare Trustees Report this afternoon that confirms the desolate state of our nation’s entitlement spending, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:

“The latest trustees report shows in flashing red lights that we need to shrink and reform, not expand, our entitlement programs. The trustees wrote that Congress must close or reduce the financing shortfall of both Medicare and Social Security, yet Democrats are actively trying to expand both.

“Social Security’s total cost is expected to exceed its total income in 2020 for the first time since 1982 and the Medicare Part A Trust Fund is still on the dismal track of depletion by 2026. Now more than ever, Republicans in Congress need to not only push back against the left’s misguided efforts but also present and fight for their own solutions to curb the growth of these programs that is bankrupting our nation with every passing hour.”