Tag: Social Security
It also diverts congressional attention from really fixing Social Security. Senator Bill Cassidy (R-LA) has resurrected his proposal – this time with co-author Senator Tim Kaine (D-VA) – to create a trust fund with borrowed funds that would invest in equities and other high-yielding assets to solve Social Security’s financing problems. While it’s lovely to…
Are the Social Security Trustees too optimistic? The 2025 Social Security Trustees Report confirms what has been evident for almost three decades – namely, Social Security is facing a 75-year financing shortfall that currently equals 1.3 percent of GDP. And, if no action is taken before 2033, the depletion of reserves in the retirement trust…
