Dispenser of Negativity
- May 30, 2007
- Reaction score
- Political Leaning
Cash flow has fallen from $63b to $7b from 2008 to 2010. One might take heart that the number for 2010 is still in the black. But that will not last long. The seasonality of the Fund produces big cash flow losses in the second half of a calendar year. For the full year 2009 the net cash flow was $3.4B. In other words the cash flow fell by $32 billion in the July-December in 2009. It is certain that cash will evaporate in 2010 as well. My number for the net cash flow drain in the second half of 2010 is $55b. This translates to a~$50b deficit for the full year.
It's not like we didnt know, I remember reading about the upcoming SS cluster**** in the beginning of Bush's second term. We can no longer kick the can down the road with this issue or perhaps it's probably too late.
Social Security Payouts Are Already Crippling The Government This Year