Table 1e Ferrara Proposal --
Components of Cash Flow from the Trust Funds to the General Fund of the Treasury

Expected Average 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
-14
-130
 
-159
-15
-144
2006
-154
-38
-115
 
-175
-44
-131
2007
-156
-63
-93
 
-183
-74
-109
2008
-161
-87
-74
 
-195
-105
-89
2009
-167
-111
-56
 
-209
-138
-70
2010
-173
-134
-40
 
-223
-172
-51
2011
-179
-156
-23
 
-237
-207
-30
2012
-185
-178
-8
 
-254
-243
-10
2013
-193
-181
-12
 
-272
-255
-17
2014
-200
-184
-16
 
-290
-267
-24
2015
-206
-186
-20
 
-309
-279
-30
2016
-212
-189
-24
 
-328
-291
-36
2017
-218
-192
-26
 
-346
-304
-42
2018
-223
-194
-28
 
-365
-318
-47
2019
-227
-197
-30
 
-382
-332
-50
2020
-230
-200
-30
 
-400
-347
-53
2021
-233
-202
-31
 
-417
-362
-55
2022
-235
-205
-30
 
-434
-378
-56
2023
-235
-208
-28
 
-447
-394
-53
2024
-235
-210
-25
 
-459
-411
-49
2025
-234
-213
-21
 
-470
-428
-42
2026
-231
-215
-16
 
-480
-446
-34
2027
-228
-217
-11
 
-487
-464
-23
2028
-224
-220
-4
 
-492
-483
-9
2029
-219
-219
0
 
-495
-496
0
2030
-213
-212
0
 
-496
-496
0
2031
-206
-206
0
 
-495
-494
0
2032
-198
-198
0
 
-491
-491
0
2033
-190
-190
0
 
-485
-485
0
2034
-182
-181
0
 
-477
-477
0
2035
-173
-173
0
 
-467
-467
0
2036
-164
-164
0
 
-456
-456
0
2037
-154
-154
0
 
-443
-443
0
2038
-145
-144
0
 
-427
-427
0
2039
-135
-135
0
 
-410
-410
0
2040
-125
-125
0
 
-392
-392
0
2041
-115
-115
0
 
-372
-372
0
2042
-105
-105
0
 
-350
-349
0
2043
-95
-95
0
 
-327
-327
0
2044
-86
-86
0
 
-302
-302
0
2045
-76
-76
0
 
-277
-277
0
2046
-67
-67
0
 
-251
-250
-1
2047
-58
-58
0
 
-223
-223
0
2048
-49
-49
0
 
-195
-194
0
2049
-41
-40
0
 
-166
-166
0
2050
-32
-32
0
 
-137
-136
0
2051
-25
-25
0
 
-107
-107
0
2052
-17
-17
0
 
-78
-77
-1
2053
-10
-10
0
 
-48
-48
-1
2054
-4
-4
0
 
-20
-20
0
2055
0
0
0
 
0
0
0
2056
0
0
0
 
0
0
0
2057
0
0
0
 
0
0
0
2058
0
0
0
 
0
0
0
2059
0
0
0
 
0
0
0
2060
0
0
0
 
0
0
0
2061
0
0
0
 
0
0
0
2062
0
0
0
 
0
0
0
2063
0
0
0
 
0
0
0
2064
0
0
0
 
0
0
0
2065
0
0
0
 
0
0
0
2066
0
0
0
 
0
0
0
2067
0
0
0
 
0
0
0
2068
0
0
0
 
0
0
0
2069
0
0
0
 
0
0
0
2070
0
0
0
 
0
0
0
2071
0
0
0
 
0
0
0
2072
0
0
0
 
0
0
0
2073
0
0
0
 
0
0
0
2074
0
0
0
 
0
0
0
2075
0
0
0
 
0
0
0
2076
0
0
0
 
0
0
0
2077
0
0
0
 
0
0
0
2078
0
0
0
 
0
0
0
2003-77
-7,613
-6,873
-740
 
 
 
 
Based on Intermediate Assumptions of the 2003 Trustees Report
 
 
Office of the Actuary
Social Security Administration
April 6, 2004

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