Social Security’s funding crisis is a year closer

 MSNBC --  The Social Security Board of Trustees said last week that the program’s combined trust funds will run out of money in 2034 — one year earlier than was projected in 2024. Without a fix, the trustees’ report said, the venerable program may have to reduce retirement benefits by almost one-fourth in less than a decade.

Though Social Security counts over 73 million people as beneficiaries, the news went largely unremarked in Washington. And to be fair, there’s been a lot going on. But soon enough, Social Security will face a funding crisis — and President Donald Trump’s approach will only make matters worse.

Trump has plunged ahead with policy proposals that risk moving the depletion date closer.