(DENVER POST) — The good news last week from the trustees of Social Security is that the program is still projected to go belly-up in 2033, just as it was last year. The crisis hasn't deepened.
But that's also the bad news. Another year has passed without Congress and the administration acting and there is absolutely zero prospect of getting anything done this year, either. And yet the longer Washington waits, the more controversial and difficult the solution will have to be.
If the program is left on automatic pilot, the combined Social Security trust fund reserves will begin to shrink in 2019 — just five years from now — and be depleted altogether in 2033, according to the trustees.
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