ICYMI: Social Security is in Worse Shape Than It Looks
July 08, 2024
July 08, 2024
WASHINGTON, July 8 -- Sen. Bill Cassidy, R-Louisiana, issued the following news release:
Senator Bill Cassidy, M.D. (R-LA) penned an op-ed in The Washington Examiner sounding the alarm on a new report warning that Social Security is more financially strained than previously thought. A new update from the Social Security Trustees found that it would cost approximately $615 trillion to pay benefits and interest on the debt over time if we allow Social Security to go insolvent.
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Senator Bill Cassidy, M.D. (R-LA) penned an op-ed in The Washington Examiner sounding the alarm on a new report warning that Social Security is more financially strained than previously thought. A new update from the Social Security Trustees found that it would cost approximately $615 trillion to pay benefits and interest on the debt over time if we allow Social Security to go insolvent.
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