Examining the divide between Harris and Trump on Social Security and Medicare spending
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 31 October 2024
⏱️ 7 minutes
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| 0:00.0 | In the final days of this election both presidential candidates are trying to win over older voters with their plans for entitlement programs like Social Security and Medicare, which provide financial protections to retired and disabled Americans. |
| 0:14.0 | But Social Security, a program that has long been popular with both parties, is at risk of being depleted as soon as 2034, |
| 0:22.0 | and Medicare will be insolvent by 2036, leaving families |
| 0:26.1 | without critical financial support. |
| 0:28.5 | As part of our in-depth coverage of the candidate's promises and policies, Lisa |
| 0:32.4 | Desjardin is here to walk us through how both the candidates |
| 0:35.0 | to talk us through how both campaigns say they will tackle the issue. |
| 0:37.0 | Good to see it, Lisa. |
| 0:38.0 | So let's start with the stakes here. |
| 0:40.0 | If these programs do become insolvent, who's at risk? |
| 0:43.3 | A massive group of people. |
| 0:45.0 | Before Social Security and Medicare were in place together, |
| 0:48.3 | 35% of American seniors lived in poverty. |
| 0:52.2 | That number is more like 10% now. If Congress and the White House |
| 0:55.9 | do not do anything, Social Security will see 20% cuts within the next decade and by some |
| 1:01.8 | estimates senior poverty will double. |
| 1:05.0 | Now there are ways to solve this they're politically tricky but it takes making tough |
| 1:09.0 | choices. |
| 1:10.0 | All right so let's start with what the candidates say here and let's start with |
| 1:12.2 | the program that's going |
| 1:13.0 | insolvent. First, Social Security. |
| 1:15.1 | Neither candidate has a comprehensive plan to stabilize Social Security and in fact analysts have found |
... |
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