{"database": "press", "table": "releases", "rows": [["https://www.cassidy.senate.gov/newsroom/press-releases/icymi-cassidy-warns-delaying-social-security-reform-will-only-raise-costs-highlights-plan-to-save-it-in-wsj/", "ICYMI: Cassidy Warns Delaying Social Security Reform Will Only Raise Costs, Highlights Plan to Save It in WSJ", "2026-06-23", "2026", "2026-06", "Republican", "Senate", "LA", "Bill Cassidy", "C001075", "www.cassidy.senate.gov", "cassidy", "https://www.cassidy.senate.gov/newsroom/press-releases/?jsf=jet-engine:press-list", "scraper", "WASHINGTON \u2013 U.S. Senator Bill Cassidy, M.D. (R-LA) penned a letter to the editor in the Wall Street Journal warning that the longer Congress waits to address Social Security\u2019s looming insolvency, the larger the tax increases and benefit cuts will be. Cassidy also highlighted his plan to strengthen Social Security by investing funds into the U.S. economy. This letter comes in response to Joseph C. Sternberg\u2019s column, \u201cThe Social Security Trust Fund Deception\u201d.\n\n\u201cThe longer Congress does nothing, the larger the tax increase workers will face and the deeper the benefit reductions retirees will endure,\u201d wrote Dr. Cassidy.\n\n\u201cThat\u2019s why Sen. Tim Kaine (D-VA) and I introduced our bipartisan \u201cBig Idea\u201d for Social Security to invest funds into the U.S. economy,\u201dcontinued Dr. Cassidy.\n\nRead the full letter to the editor here or excerpts below:\n\nThe Cost of Delaying Social Security Reform\n\nJoseph C. Sternberg suggests waiting to solve Social Security\u2019s looming insolvency in his column \u201cThe Social Security Trust Fund Deception\u201d (Political Economics, June 12). But the longer we delay, the higher the cost will be. The program\u2019s funds are rapidly approaching insolvency.\n\n\u2026\n\nThe longer Congress does nothing, the larger the tax increase workers will face and the deeper the benefit reductions retirees will endure.\n\nThat\u2019s why Sen. Tim Kaine (D-VA) and I introduced our bipartisan \u201cBig Idea\u201d for Social Security to invest funds into the U.S. economy. The returns would strengthen Social Security\u2019s finances over time, just like pension funds, retirement accounts and state investment funds.\n\n\u2026\n\nThe Social Security problem won\u2019t solve itself. We must act now.\n\nBackground\n\nCassidy has outlined his plan to rescue Social Security from insolvency by creating a sovereign wealth fund independent of the Social Security Trust Fund. Earlier this month, Cassidy released a statement following the most recent Social Security Trustees\u2019 annual report, which predicts that Social Security will become insolvent by 2032. Cassidy also recently laid out his vision during a U.S. Senate Budget Committee hearing in March, as well as last year at a public forum with the AARP and a keynote address to the National Institute on Retirement Security\u2019s (NIRS) 15th Annual Retirement Policy Conference on the future of Social Security. He has written extensively on his proposal in the Washington Post, the Wall Street Journal, State Affairs, and the Washington Examiner.\n\n###", 1, "2026-06-24T06:25:30Z", "2026-06-24T06:26:49Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.cassidy.senate.gov/newsroom/press-releases/icymi-cassidy-warns-delaying-social-security-reform-will-only-raise-costs-highlights-plan-to-save-it-in-wsj/"], "units": {}, "query_ms": 0.8589820936322212, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}