Congressman Mario Diaz-Balart (R-FL) released the following statement in response to the 2012 Medicare Trustees Report stating that the Social Security fund will be exhausted by 2033 and Medicare in 2024 -- few years sooner than previously reported. Diaz-Balart comments:
"Today's report is further proof of the administration's lack of leadership during these challenging times. The administration has refused to reform, protect, and preserve Social Security and Medicare for the third year in a row. As a result, benefits continue to decline and the programs themselves will be destroyed sooner than what was previously reported. It is an immense irresponsibility on behalf of the administration to continue to ignore the upcoming bankruptcy of these two vital programs, after pledging to reform entitlements and reviewing such daunting reports.
"The House passed a budget, with my support, that would secure and strengthen Medicare and Social Security in order to guarantee the promises made to millions of Americans. My hope is that the President and Senate Democrats will get on board and support our legislation after reviewing this latest report."