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A Good Plan to Keep Social Security Solvent

A Good Plan to Keep Social Security Solvent

Andrew Biggs's 'A Risky Plan for Social Security' warns that the bipartisan reform plan to provide long-term solvency for the Social Security system proposed by Sens. Bill Cassidy (R., La.) and Tim Kaine (D., Va.) is too risky (op-ed, July 25). But the Cassidy-Kaine plan is much less risky than ignoring Social Security's current $25 trillion funding gap and allowing its trust fund to be depleted by 2033.
Messrs. Cassidy and Kaine based their proposal on extensive evidence that diversified investing produces much higher long-term returns than reliance on low-yield Treasury bonds.
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