An important milestone takes place on Thursday: The U.S. government hits its statutory debt ceiling. And it could kick off a battle between the nation's two main political parties -- a fight that retirees might find concerning.

Some Republicans want to put changes to entitlement programs on the table before agreeing to increase the federal debt limit. New House Speaker Kevin McCarthy (R-Calif.) has stated previously that he wouldn't rule out this possibility. Because of this threat, House Minority Whip Katherine Clark (D-Mass.) recently told CNN that she expects some GOP "extremists" to target Social Security and Medicare.

But you don't have to worry about Social Security cuts in 2023. Here's why.

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Source Fool.com