Social Security’s insolvency is No. 1 issue, says Sen. Bill Cassidy
Summary
Senator Bill Cassidy, who is leaving office, said Social Security is running out of money and could soon be unable to pay full benefits. He is trying to get agreement on changes to fix the program before this happens.Key Facts
- Senator Bill Cassidy represents Louisiana and is leaving the Senate soon.
- He says Social Security is heading toward insolvency, meaning it may not have enough funds to pay all benefits.
- If insolvency happens, Social Security benefits could be cut by about 22 percent.
- Cassidy is working to build support for reforms to prevent these benefit cuts.
- Social Security is a government program that pays money to retired or disabled people.
- The issue is urgent because the current funding will not last long without changes.
- Cassidy’s efforts focus on finding a plan that can pass with enough agreement from lawmakers.
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