(INVESTOR’S BUSINESS DAILY) — The outlook for Social Security’s trust fund has deteriorated to an astonishing degree over the past year, new Congressional Budget Office projections show.

The nonpartisan budget scorekeeper released the estimates Tuesday as part of broader economic and budget forecasts. CBO expects the trust fund to peak in 2018 and decline to $2.7 trillion in 2022 — a full $1 trillion less than Social Security’s own actuaries predicted last year.

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