$47 billion of Medicare claims are due to be paid on June 1, or not paid if the artificial debt limit is not resolved by then.
As Republican candidate for President, Tim Scott, has promised -“There’s no doubt that we have to wrestle this Medicare beast to the ground”. A sentiment shared by Nikki Haley who appointed Scott as well as Florida Gov Rhonda Panties and all Republican candidates other than Donald Trump.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.