Nikki Haley, ex-Governor of South Carolina and a contender for the GOP presidential nomination, talked about the pressing issue of reforming entitlements in the United States.
She specifically focused on Social Security and Medicare.
Haley is currently on a media tour with the liberal news network.
While on “Squawk Box,” Haley stressed the need to address the impending insolvency of Social Security and Medicare, pointing out deadlines of ten years and eight years, respectively.
“Social Security goes bankrupt in ten years. Medicare goes bankrupt in eight. Anyone that says they’re not going to take on entitlement reform means they’re going to go in and be president and leave the country bankrupt. You can’t do that,” she said.
Haley underscored the importance of adjusting Social Security policies to align with the rising life expectancy. She proposed raising the retirement age for new beneficiaries and recommended tying cost-of-living increases to inflation.
Additionally, she suggested limiting benefits for the wealthy and expanding the Medicare Advantage plan to boost competition.
“For everybody coming into the system like my kids in their 20s, you change it. You say we’re going to raise the retirement age to reflect life expectancy. We’re no longer going to do cost of living increases. We’re going to do increases based on inflation. We’re going to limit the benefits on the wealthy and we’re going to expand the Medicare Advantage plan so that we have more competition,” Haley stated.
“We have to start looking at a common-sense way to do it without hurting people. But our kids know they’re not going to get it otherwise,” she added.
Still, the United States is currently undergoing its most significant drop in life expectancy since the periods of World War I and the Great Influenza, as reported by the Johns Hopkins Bloomberg School of Public Health.
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