CBO: Social Security Trust Funds Could Be Exhausted by 2033

Missouri Rep. Jason Smith reacts to Biden aides reportedly discovering a second batch of mishandled classified documents and Social Security possibly facing insolvency on “The Evening Edit.” The non-partisan Congressional Budget Office updated its long-term projections on the solvency of Social Security last month, finding that the program’s major trust funds could be tapped out in 2033. The CBO’s analysis found that if the projected gap between the outlays from the trust funds and the revenue they receive happens as forecast, the balance of the trust funds would hit zero in 2033 and the Social Security Administration wouldn’t be able to …