$ and math: average federal deficit to hit $1.2 trillion/year, Social Security Trust Fund on edge of insolvency, to be depleted in 2035 – all checks 23% smaller
2019-08-30
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Endless federal red ink may doom Social Security recipients
According to a new report from the Congressional Budget Office (CBO), the average federal deficit is now expected to hit an eye-popping $1.2 trillion per year between 2020 and 2029—a total of $12.2 trillion over that period.
The new deficit figures