Table 2e Ferrara Proposal --
Components of Cash Flow from the Trust Funds to the General Fund of the Treasury

Low Yield
Year
Total Cash
Flow to the
General Fund
(Table c:col 3)
Cash Flow Due to
Net Specified
Transfers under
the Proposal
(Table d: (5)-(3)-(4))
Cash Flow for
Net Purchase
(Redemption)
of Treasury
Securities
 
Total Cash
Flow to the
General Fund
Cash Flow
Due to Net
Specified
Transfers
Net Purchase
(Redemption)
of Treasury
Securities
(= Columns (1) (2) (3) in Constant Dollars)
(1)
(2)
(3)
(4)
(5)
(6)
(billions of present value dollars 1/1/2003)
(billions of constant 2003 dollars)
2003
76
 
76
 
78
 
78
2004
77
 
77
 
82
 
82
2005
-144
-13
-131
 
-159
-14
-144
2006
-154
-36
-118
 
-175
-41
-134
2007
-156
-58
-98
 
-183
-69
-115
2008
-161
-81
-80
 
-195
-98
-97
2009
-167
-102
-65
 
-209
-127
-81
2010
-173
-123
-51
 
-223
-158
-65
2011
-179
-143
-36
 
-237
-190
-48
2012
-186
-162
-24
 
-254
-222
-32
2013
-193
-181
-13
 
-273
-255
-18
2014
-201
-199
-2
 
-292
-289
-3
2015
-208
-216
8
 
-312
-323
11
2016
-215
-215
0
 
-331
-332
1
2017
-220
-214
-6
 
-350
-340
-10
2018
-226
-213
-13
 
-370
-350
-20
2019
-231
-213
-18
 
-389
-359
-30
2020
-235
-212
-23
 
-408
-368
-40
2021
-239
-211
-28
 
-427
-378
-49
2022
-241
-210
-31
 
-445
-388
-57
2023
-243
-209
-33
 
-460
-397
-63
2024
-243
-208
-35
 
-475
-407
-67
2025
-242
-207
-35
 
-488
-417
-71
2026
-241
-206
-35
 
-500
-428
-72
2027
-239
-205
-33
 
-510
-438
-72
2028
-235
-204
-31
 
-518
-449
-69
2029
-231
-203
-28
 
-524
-459
-64
2030
-226
-202
-25
 
-528
-470
-58
2031
-220
-200
-20
 
-530
-482
-49
2032
-214
-199
-15
 
-530
-493
-38
2033
-207
-198
-10
 
-529
-504
-24
2034
-200
-196
-4
 
-525
-516
-9
2035
-192
-192
0
 
-521
-521
0
2036
-184
-184
0
 
-514
-514
0
2037
-176
-176
0
 
-506
-506
0
2038
-168
-168
0
 
-497
-497
0
2039
-160
-160
0
 
-486
-486
0
2040
-151
-151
0
 
-474
-474
0
2041
-143
-143
0
 
-461
-462
0
2042
-134
-134
0
 
-447
-447
-1
2043
-126
-126
0
 
-433
-432
0
2044
-118
-118
0
 
-417
-416
0
2045
-110
-110
0
 
-400
-400
0
2046
-102
-102
0
 
-383
-382
-1
2047
-94
-94
0
 
-364
-364
0
2048
-87
-87
0
 
-346
-346
0
2049
-80
-80
0
 
-328
-327
-1
2050
-73
-73
0
 
-309
-309
-1
2051
-67
-67
0
 
-291
-292
0
2052
-61
-61
0
 
-274
-274
0
2053
-55
-55
0
 
-255
-255
-1
2054
-50
-50
0
 
-238
-238
0
2055
-45
-45
0
 
-221
-221
0
2056
-41
-41
0
 
-205
-205
0
2057
-37
-37
0
 
-190
-190
0
2058
-33
-33
0
 
-175
-175
-1
2059
-30
-29
0
 
-162
-162
-1
2060
-27
-26
0
 
-151
-150
-1
2061
-24
-24
0
 
-140
-140
0
2062
-22
-22
0
 
-131
-131
0
2063
-20
-20
0
 
-123
-123
-1
2064
-18
-18
0
 
-116
-116
0
2065
-17
-17
0
 
-110
-110
0
2066
-16
-15
0
 
-105
-104
-1
2067
-14
-14
0
 
-100
-100
0
2068
-13
-13
0
 
-96
-96
0
2069
-13
-12
0
 
-93
-92
-1
2070
-12
-12
0
 
-91
-90
0
2071
-11
-11
0
 
-89
-88
0
2072
-11
-11
0
 
-87
-87
-1
2073
-10
-10
0
 
-87
-86
0
2074
-10
-10
0
 
-86
-86
0
2075
-10
-10
0
 
-86
-86
-1
2076
-10
-10
0
 
-87
-86
0
2077
-9
-9
0
 
-88
-87
0
2078
-9
-9
0
 
-89
-89
0
2003-77
-8,903
-8,022
-881
 
 
 
 
Based on Intermediate Assumptions of the 2003 Trustees Report
 
 
Office of the Actuary
Social Security Administration
April 6, 2004

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