At Treasury Secretary Scott Bessent’s testimony before Congress on Wednesday, Sen. Bill Cassidy (R-LA) brought up a well-worn data point: 10,000 Baby Boomers enter Social Security every day. “In our plan,” Bessent vowed, “the senior citizen does not pay more taxes and the senior citizen does not get less benefits.”
Cassidy, who will be leaving the Senate fresh off a primary defeat by a Trump-backed candidate, waved what he called a “big spreadsheet” projecting that solutions being floated are “inadequate to address the problem.” Confronting Bessent with the Trump administration’s apparent lack of a plan, he reminded Bessent of an earlier visit to the Treasury secretary’s office, where the two had reviewed projections on a screen. “This is just incredible. It’s just going down.”
