he recent news that the $2.8 trillion Social Security Trust Fund is projected to last until 2034, one year later than the Social Security Trustees reported in 2014, was greeted on the left as evidence that there's no urgency to fix the retirement program's finances.
But an examination of the details of the report reveals that the only thing buoying Social Security's financial outlook is an economic forecast that is far more optimistic than those of the Congressional Budget Office, the Federal Reserve, private-sector economists and even the White House Office of Management and Budget.
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