his big idea would invest money in the stock market over 75 years to make the social security solvent the real thirdrail of social security should not be cutting benefits or raising taxes but instead it should be political suicide to keep doing nothing said sen bill cassidy in a video discussion with the bipartisan policy center on tuesday the louisiana republican took on both 2024 lead presidential candidates joe biden and donald trump for not providing solutions to the projected social security shortfall now expected by 2034 and then he put forth his big idea for creating an investment trust via congress that would generate enough growth to cover the missing funds we need honesty from presidential candidates social security is going insolvent even if biden and trump say its not cassidy said its not only cowardice its wrong for the american people until we get commitment from the white house we wont get anything done we know their plan to do nothing will cut benefits 24 by law the social social trust fund is restricted to investments in us treasury securities with 7 inflation going on its the absolute worst investment strategy for right now said cassidy who called the trust fund the silicon valley bank of pension funds cassidys pointed out that past presidents proposed plans to invest social security funds in equities bill clinton proposed investing part of the social security trust fund in the stock market while george w bush proposed individual accounts cassidy said his bipartisan investment trust plan would do neither hes proposing a separate fund set up by congress to invest money over 75 years to cover the shortfall of the system cassidy projects this fund would have an average growth rate of 85 over 75 years and would cover up to 75 of the projected shortfall the actuaries at social security have yet to give the plan a full score but cassidy said they had projected an 83 growth rate either way cassidy said there are mechanisms if it doesnt if its short then we were not 75 there but were most of the way there theres much debate over whether investing social security funds in the stock market is beneficial or too risky to the naysayers cassidy said this its risky not to be in market this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal