Duval Times

WASHINGTON, D.C.–Senator Scott continues to demand answers on Social Security solvency ahead of SSA Administrator Martin O’Malley’s visit to Florida. During a recent hearing in the U.S. Senate Special Committee on Aging, Senator Scott pushed Administrator O’Malley on the Biden administration’s failure to address looming insolvency issues within the Social Security Trust Fund that threaten future benefits. President Biden failed to address these issues while pushing more massive spending that would increase the national debt by $6.4 trillion over the next four years.

Senator Scott is adamant about addressing these concerns. He previously introduced the Protect Our Seniors Act, which aims to preserve and protect Social Security and Medicare benefits. The act includes three key provisions to ensure the benefits of Social Security and Medicare are safeguarded and to promote the long-term solvency of these critical programs.

One provision in the Protect Our Seniors Act involves redirecting funds to the Medicare and Social Security Administration Trust Funds to help shore up the solvency of each program. Another provision creates a Budget Point of Order against any legislation that would reduce existing Medicare and Social Security benefits. The act also amends CBO scoring laws to prevent Medicare savings from being used for spending outside of Medicare.

Furthermore, Senator Scott highlighted the tactic used by Democrats in the past, where Medicare savings were utilized as ‘pay-fors’ for projects unrelated to Medicare, such as the infrastructure bill and the Inflation Reduction Act.

Senator Scott’s unwavering stance on protecting the future benefits of Social Security and Medicare sets the stage for a crucial discussion during SSA Administrator O’Malley’s visit to Florida.