Social Security Fix? New Fund Proposal Sparks Hope—and Concerns | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 4:22
About this sermon
New projections indicate the Social Security Trust Fund may become insolvent by 2034, one year earlier than previously estimated. Now the rush is on by Congress to find ways to keep it going. Two senators from opposing parties have come together to work on a proposal they say could rescue Social Security by creating an investment fund to keep Social Security benefits going strong. Senator Cassidy says the plan for an investment fund would run parallel to the current trust fund, not replace it. The senators say the Treasury would have to temporarily provide benefits while the funds grow for 75 years. Eventually, there would be enough new money to pay it back. But some say it's risky to invest a ton of money into the stock market. Capitol Hill Correspondent Erik Rosales reports. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf
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