Story perspectives

Experts Warn Cassidy-Kaine Plan Risks Social Security Stability

4/10/2026

Summary

Story summary

Alicia H. Munnell, a retirement policy expert, warns that a bipartisan plan by Senators Bill Cassidy and Tim Kaine could increase risks for Social Security without addressing its long-term financial issues.
The plan suggests borrowing $1.5 trillion over ten years to establish a new trust fund, depending on uncertain stock market performance.
Critics view this approach as poor financial practice, while proponents reference successful pension systems.
Munnell advocates for increasing tax revenue and reducing benefits instead of further borrowing.
The proposal has not yet been enacted into law.

1 of 1

Story summary

Alicia H. Munnell, a retirement policy expert, warns that a bipartisan plan by Senators Bill Cassidy and Tim Kaine could increase risks for Social Security without addressing its long-term financial issues.
The plan suggests borrowing $1.5 trillion over ten years to establish a new trust fund, depending on uncertain stock market performance.
Critics view this approach as poor financial practice, while proponents reference successful pension systems.
Munnell advocates for increasing tax revenue and reducing benefits instead of further borrowing.
The proposal has not yet been enacted into law.