Tag: Trust Fund
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…
It involves equities in a trust fund, but our trust fund is headed to zero. Apparently, Senator Bill Cassidy (R-LA) is working with Senator Angus King (I-ME), who caucuses with the Democrats, to craft a bipartisan solution to fix Social Security. Their plan involves creating a fund outside of Social Security that could be invested…
