Trump to GOP: Don't 'cut a single penny from Medicare or Social Security' - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
January 23, 2023 Washington Wire
Share
Share
Post
Email

Trump to GOP: Don't 'cut a single penny from Medicare or Social Security'

Washington Times, The (DC)

Former President Donald Trump is pressuring Republicans in Congress to steer clear of making cuts to the biggest drivers of the national debt — Medicare and Social Security — in their quest to bring some fiscal sanity to Washington.

Mr. Trump said Washington bureaucrats, not the older Americans benefiting from the entitlement programs, should bear the pain of President Biden’s reckless spending on “left-wing lunacy.”

“Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security to help pay for Joe Biden’s reckless spending spree,” Mr. Trump said in a video posted on Truth Social, the social media platform he founded.

The message comes at an inopportune time for Republicans on Capitol Hill who have been eyeing changes to entitlements and other programs in exchange for raising the debt ceiling.

The U.S. on Thursday hit the debt ceiling set by Congress. The Treasury Department responded by taking “extraordinary measures” to allow the government to keep paying its bills.

Republicans blame Mr. Biden and Democrats for ushering in a new era of big spending that has added $4 trillion to the national debt, which has climbed past $31 trillion and, they argue, worsened inflation.

The national debt also jumped significantly on Mr. Trump’s watch.

Budget analysts for years have warned that any attempt to bring federal deficits and the national debt under control without addressing Social Security and Medicare spending or raising taxes would result in deep cuts to other programs.

Mr. Trump said lawmakers can save taxpayers money by stopping the flow of dollars going to “corrupt foreign countries,” strengthening border security to reduce the costs associated with illegal immigration, and clawing back spending on “climate extremism.”

“Cut waste, fraud and abuse everywhere that we can find it, and there’s plenty of it,” Mr. Trump said. “But do not cut the benefits our seniors worked for and paid for their entire lives. Save Social Security, don’t destroy it.”

Mr. Trump said Democrats want to destroy Social Security and said, “we are not going to let them do it.”

Democrats have long warned that Republicans are the ones who want to cut entitlements and privatize the programs.

Democrats last year pounced after Sen. Rick Scott, Florida Republican, floated a proposal to sunset all federal programs, including Social Security and Medicare, after five years. He was leading the Senate Republicans' campaign committee at the time.

Mr. Trump moved in a different direction in the 2016 presidential race after he split with most of his rivals by swearing off cuts to Social Security and Medicare.

The stance put him at odds with GOP leaders in Washington, including then-House Speaker Paul D. Ryan and fellow budget hawks who had previously sought to bring more fiscal sanity to the federal government by calling for sweeping reforms to entitlements.

Mr. Trump, however, was accused during his presidency of walking away from that promise when he backed cuts to the payroll tax, which funds Social Security and Medicare, and proposed budgets that reduced projected spending on Medicare.

Older

Are entitlements the next front in the GOP's civil war?

Newer

A costly Medicare mistake and what to avoid

Advisor News

  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
  • Most Gen Z investors think less than a year ahead when making financial decisions
  • IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
  • Help child-free clients plan for their later years
More Advisor News

Annuity News

  • Guidance, bulletin or reg? NAIC debates form of annuity illustration update
  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity News

Health/Employee Benefits News

  • How Lahn, Sand see future for Medicaid
  • Regulators claim limited power to control health insurance rate increases
  • Burcum: The fight for fertility coverage needs a governor in its corner
  • A cancer survivor hoped to work — then she lost her Medicaid disability coverage
  • How Iowa’s candidates for governor see the future of Medicaid
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Negative for Kemper Corporation, Its Affiliates and Subsidiaries
  • WARREN PROBES RISE OF PRIVATE INVESTMENT FIRMS IN INSURANCE SECTOR FOLLOWING MARK WALTER SCANDAL
  • AM Best Affirms Credit Ratings of Erie Insurance Group’s Members and Erie Family Life Insurance Company
  • MIB reports double-digit life insurance app activity in record August
  • 42% of consumers are confused and unconvinced by life insurance
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.