Tuesday, March 6, 2012

SSDI trust fund to go broke in 2018

.. or earlier.  And OASI is in a cash-flow deficit.

"The SSTF is stuck with a downbeat economic forecast from the CBO. It can’t have a rosy forecast when its “buds” up the street are saying it isn’t so. Adjusting to the CBO’s dour outlook will knock another seven months off the life of DI.
There are two possible outcomes in the upcoming SSTF report on DI:
A) The DI fund will be exhausted in 2017.
This is the spineless approach as the details will show that the actual date of exhaustion is January of 2017.
B) The DI fund will be exhausted in the 4th quarter of 2016.

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