As the United States continues to grapple with an uncertain economic future, Sen. Bill Cassidy (La.) has voiced concerns about the state of the country’s financial future, particularly regarding Social Security. In a recent interview with MSNBC, he warned that “a high inflation environment, in which the Fed is trying to raise interest rates to catch up with them, is exposing mismanagement.”
Cassidy described the country’s Social Security program as the “Silicon Valley Bank of retirement systems.” He noted that the system is currently projected to run out of money within the next nine years, which could leave millions of Americans without the support they need in their later years.
