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Cassidy's Bold Plan to Save Social Security
Description
Senator Bill Cassidy, retiring this year, is sounding the alarm on Social Security’s looming crisis, warning that without action, payments could drop by 22% by 2032. He’s pushing for a bold bipartisan solution: a $1.5 trillion market fund investment to grow over time and cover shortfalls—no tax hikes or benefit cuts. Drawing from the success of the Railroad Retirement system, Cassidy argues this approach lets workers and retirees share in economic growth while securing the program’s future. But critics caution that investing in stocks carries significant risk, especially given recent market volatility—and point out that other pension funds using similar strategies are much smaller and funded differently. Time is running out.
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