A high-profile proposal to borrow $1.5 trillion and invest the money in stocks to salvage Social Security’s finances would likely leave taxpayers saddled with enormous debt, even under optimistic market conditions, according to a new analysis from the Center for Retirement Research at Boston College.

The brief is critical of a plan championed by Sens. Bill Cassidy (R-La.) and Tim Kaine (D-Va.), who have sought middle ground between raising taxes and cutting benefits.

The Social Security trust fund is projected to run dry by 2034, after which incoming payroll taxes can cover only about 80% of scheduled benefits.

Cassidy’s and Kaine’s details ⇒

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