In one of his first moves after being elected House speaker, Mike Johnson promised to form a bipartisan debt commission to tackle what he termed “the greatest threat to our national security.”
That’s because when Johnson chaired the Republican Study Committee a few years ago, the conservative group called for a variety of changes to the entitlement programs that it argued would save them from insolvency.
Speaking at an American Enterprise Institute forum in 2018 when he was the committee’s chair-elect, Johnson said, “This can no longer be kicked down the road,” referring to the need for Congress to address the entitlement programs, as well as Medicaid and interest on the national debt.
“The bipartisan debt commission that he plans to establish will handle a lot of these programs that are in funding trouble,” said the source familiar with the speaker’s office.
Doing nothing, however, is not an option, said Charles Blahous, senior research strategist at the Mercatus Center at George Mason University and a former public trustee for Social Security and Medicare.
Addressing Social Security’s massive financial issues will require implementing proposals similar to those of the Republican Study Committee, as well as tax increases and other measures, he said.
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In one of his first moves after being elected House speaker, Mike Johnson promised to form a bipartisan debt commission to tackle what he termed “the greatest threat to our national security.”
That’s because when Johnson chaired the Republican Study Committee a few years ago, the conservative group called for a variety of changes to the entitlement programs that it argued would save them from insolvency.
Speaking at an American Enterprise Institute forum in 2018 when he was the committee’s chair-elect, Johnson said, “This can no longer be kicked down the road,” referring to the need for Congress to address the entitlement programs, as well as Medicaid and interest on the national debt.
“The bipartisan debt commission that he plans to establish will handle a lot of these programs that are in funding trouble,” said the source familiar with the speaker’s office.
Doing nothing, however, is not an option, said Charles Blahous, senior research strategist at the Mercatus Center at George Mason University and a former public trustee for Social Security and Medicare.
Addressing Social Security’s massive financial issues will require implementing proposals similar to those of the Republican Study Committee, as well as tax increases and other measures, he said.
The original article contains 926 words, the summary contains 201 words. Saved 78%. I’m a bot and I’m open source!