Republicans Confirm Their Plan to Let Social Security Go Insolvent

Which party can do the least to fix America’s troubled old-age welfare system?

by Eric Boehm

As recently as 2016, the Republican Party’s official platform promised to take seriously the approaching insolvency of Social Security and Medicare, America’s two largest entitlement programs.

“We reject the old maxim that Social Security is the ‘Third Rail’ of American politics, deadly for anyone who would change it,” that version of the GOP platform read. “The Democratic Party still treats it that way, even though everyone knows that its current course will lead to a financial and social disaster.”

Back then, when the GOP still had some lingering muscle memory of advocating for fiscal responsibility, it was estimated that the federal government had about two decades to solve the approaching entitlement crisis.

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