Wednesday, January 31, 2007

2006 Year End Balances

From the Bureau of Public Debt Dec 2006 Report

OAS Old Age Survivors:$1,845,338,897,223.25
DI Disability $203,922,695,075.07

Total: $2.0492 trillion

Low Cost projection: $2.0380 trillion
Intermediate Cost: $2.0353 trillion

The first year difference between fully funded Low Cost and an Intermediate Cost that goes to zero in 2041 is $2.7 billion. Not only did we hit Low Cost, we beat it by $11.2 billion.

The Trust Fund just isn't broke. By the numbers.