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Cassidy Warns 2027 3.6% COLA Could Deplete Trust Fund

By Drooid · Oct 17, 2026, 2:53 PM UTC · How we work

Summary

Story summary

Senator Bill Cassidy warned the 2027 3.6% COLA could speed Social Security trust-fund depletion.
He said the trust fund may run out in about five and a half years.
Cassidy proposed allocating $1.5 trillion to a separate investment account to narrow the funding gap.
Law requires a 28.5% benefit cut or massive borrowing if the fund empties.

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Story summary

Senator Bill Cassidy warned the 2027 3.6% COLA could speed Social Security trust-fund depletion.
He said the trust fund may run out in about five and a half years.
Cassidy proposed allocating $1.5 trillion to a separate investment account to narrow the funding gap.
Law requires a 28.5% benefit cut or massive borrowing if the fund empties.