Democratic Leader Nancy Pelosi released the following statement today on the release of a report by the Social Security and Medicare Board of Trustees, which found that the Medicare Trust Fund would become insolvent in 2016 without the deficit reduction provisions in the Affordable Care Act:
"Today's report makes it clear: Social Security and Medicare are strong, but Republican economic and fiscal policies have taken a direct hit at their finances. Democrats remain committed to strengthening and preserving Medicare and Social Security, while continuing to focus on growing the economy and creating jobs.
"Unlike the Republicans who voted to end Medicare as we know it, we must build on the reforms in the Affordable Care Act, which strengthened Medicare and extended its solvency without reducing benefits to our seniors.
"Republicans have now voted to end Medicare while giving billions to Big Oil and millionaires. Republicans have long been up to the same tricks with Social Security, putting the economic security of America's seniors at risk. Democrats created Social Security and Medicare; we have sustained them for generations; we are working to strengthen, not end them."