CASSIDY ON FOX BUSINESS: CONGRESS NEEDS TO HAVE THE GUTS TO STEP UP, ADDRESS SOCIAL SECURITY

WASHINGTON, Sept. 4 -- Sen. Bill Cassidy issued the following press release:

U.S. Senator Bill Cassidy, M.D. (R-LA) joined Fox Business to discuss his plan to protect current and future retirees from a 22-28% cut to Social Security benefits in six short years. Cassidy urged Congress to step up and put a process in place to consider solutions for solvency.

"What I am suggesting is we set up an investment fund. You called it a sovereign wealth fund. You could call it the nation's 401k, and you set it up, separate from the Social Security Trust Fund, you put money in it, and you allow it to grow with the nation's economy," said Dr. Cassidy.

"We just need Congress to have the guts to step up and take action now and not continue to postpone ...