WASHINGTON, Sept. 15 -- Sen. Bill Cassidy issued the following press release:
U.S. Senator Bill Cassidy, M.D. (R-LA) joined U.S. Senator Tim Kaine (D-VA) on NewsNation to discuss Social Security's looming insolvency and the need for Congress to act now. The senators warned that if Congress continues to stall, Social Security benefits could be cut by nearly 28.5% in just six years, making the issue even harder to solve as time goes on. Cassidy outlined his plan to create a separate investment fund, modeled after the National Railroad Retirement Investment Fund, to strengthen Social Security's long-term solvency. Kaine expressed his support for Cassidy's proposal, which he said could help make Social Security solvent for the next 50 to 75 ye...