Sen. Bill Cassidy (R-LA) released the first in a multipart video series highlighting Social Security's dire financial outlook on Monday, featuring him taking to the streets for man-on-the-street-style interviews in which he prescribed some solutions and knocked 2024 hopefuls for shying away from…
Sen. Bill Cassidy released the first in a multipart video series highlighting Social Security's dire financial outlook on Monday, featuring him taking to the streets for man-on-the-street-style interviews in which he prescribed some solutions and knocked 2024 hopefuls for shying away from reform.
— U.S. Senator Bill Cassidy, M.D. May 15, 2023 That"Big Idea" Cassidy refers to is the establishment of a separate fund to strengthen Social Security via private investments. People on the street featured in his video seemed receptive to it, though the precise mechanics of the proposal remain unclear.
One projection from the Congressional Budget Office estimated that the program's Old-Age, Survivors, and Disability Insurance trust funds will be depleted by 2033 and 2048, respectively.
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