brucekrasting.com / BRUCE KRASTING / SATURDAY, APRIL 26, 2014
The Congressional Budget Office (CBO) came out with its latest baseline estimates for Social Security (SS) this week. This is the full report:
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As an ex Wall Streeter I always go to the ‘Cash Flow’ numbers first, as cash flow is what drives most companies to success or ruin. The same rules apply for SS. I was surprised at the results presented by the CBO. They have a line in their report for Net Cash Flow, and I think they have it wrong. The following is a blowup of what CBO presented in the baseline for the fiscal 2013 Actual Net Cash Flow at SS:
