| Year | Net Purchase orSale (negative)of Equities1 | BalancingTax Rate &Estate Tax(2010 only) | Other  Changes in OASDI Cash Flow | Changein Annual Unified Budget Cash Flow | Change in Debt Held by  Public  (EOY) | Change  in Annual Unified BudgetBalance |
|------|--------------------------------------------|----------------------------------------------|-----------------------------------|------------------------------------------|---------------------------------------|-----------------------------------------|
||
| 2005 |                                       |                                         | 0.0                               | 0.0                                      | 0.0                                   | 0.0                                     |
| 2006 | 18.1                                       | 0.0                                          | 1.7                               | -16.4                                    | 16.8                                  | -16.8                                   |
| 2007 | 19.9                                       | 0.0                                          | 4.5                               | -15.4                                    | 32.6                                  | -16.7                                   |
| 2008 | 21.7                                       | 0.0                                          | 7.1                               | -14.7                                    | 47.7                                  | -16.7                                   |
| 2009 | 23.4                                       | 0.0                                          | 9.8                               | -13.5                                    | 61.6                                  | -16.4                                   |
| 2010 | 26.0                                       | 18.0                                         | 13.4                              | 5.4                                      | 56.1                                  | 2.3                                     |
| 2011 | 28.0                                       | 0.0                                          | 17.0                              | -11.0                                    | 67.4                                  | -14.3                                   |
| 2012 | 29.6                                       | 0.0                                          | 20.4                              | -9.2                                     | 76.9                                  | -13.0                                   |
| 2013 | 30.9                                       | 0.0                                          | 23.6                              | -7.3                                     | 84.4                                  | -11.6                                   |
| 2014 | 32.1                                       | 0.0                                          | 26.4                              | -5.7                                     | 90.2                                  | -10.4                                   |
| 2015 | 32.9                                       | 0.0                                          | 28.9                              | -4.0                                     | 94.3                                  | -9.0                                    |
| 2016 | 33.4                                       | 0.0                                          | 31.3                              | -2.1                                     | 96.5                                  | -7.3                                    |
| 2017 | 33.6                                       | 0.0                                          | 33.4                              | -0.1                                     | 96.7                                  | -5.5                                    |
| 2018 | 33.4                                       | 0.0                                          | 35.2                              | 1.8                                      | 94.8                                  | -3.5                                    |
| 2019 | 32.8                                       | 0.0                                          | 37.0                              | 4.1                                      | 90.6                                  | -1.0                                    |
| 2020 | 31.9                                       | 0.0                                          | 38.5                              | 6.6                                      | 83.8                                  | 1.8                                     |
| 2021 | 30.7                                       | 0.0                                          | 39.9                              | 9.2                                      | 74.3                                  | 4.8                                     |
| 2022 | 29.3                                       | 0.0                                          | 41.2                              | 11.9                                     | 62.1                                  | 8.1                                     |
| 2023 | 34.8                                       | 38.5                                         | 42.3                              | 46.0                                     | 14.7                                  | 43.9                                    |
| 2024 | 33.7                                       | 38.0                                         | 43.3                              | 47.7                                     | -34.3                                 | 48.3                                    |
| 2025 | 32.3                                       | 37.5                                         | 44.1                              | 49.3                                     | -85.0                                 | 52.6                                    |
| 2026 | 1.3                                        | 37.0                                         | 44.8                              | 80.5                                     | -167.9                                | 87.6                                    |
| 2027 | -0.2                                       | 36.5                                         | 45.5                              | 82.2                                     | -252.5                                | 93.9                                    |
| 2028 | -1.5                                       | 36.0                                         | 46.1                              | 83.6                                     | -338.5                                | 100.0                                   |
| 2029 | -2.6                                       | 35.5                                         | 46.5                              | 84.6                                     | -425.6                                | 105.9                                   |
| 2030 | -3.6                                       | 35.0                                         | 46.8                              | 85.4                                     | -513.4                                | 111.5                                   |
| 2031 | -4.4                                       | 34.6                                         | 47.0                              | 86.0                                     | -601.9                                | 117.0                                   |
| 2032 | -5.1                                       | 34.1                                         | 47.2                              | 86.5                                     | -690.9                                | 122.4                                   |
| 2033 | -5.6                                       | 33.7                                         | 47.4                              | 86.7                                     | -780.1                                | 127.6                                   |
| 2034 | -6.0                                       | 33.2                                         | 47.5                              | 86.7                                     | -869.4                                | 132.6                                   |
| 2035 | -6.3                                       | 32.8                                         | 47.4                              | 86.4                                     | -958.3                                | 137.2                                   |
| 2036 | -6.4                                       | 32.3                                         | 47.2                              | 85.9                                     | -1,046.7                              | 141.7                                   |
| 2037 | -6.4                                       | 31.9                                         | 47.1                              | 85.4                                     | -1,134.6                              | 146.0                                   |
| 2038 | -6.4                                       | 31.5                                         | 46.9                              | 84.7                                     | -1,221.8                              | 150.2                                   |
| 2039 | -6.2                                       | 31.1                                         | 46.6                              | 83.9                                     | -1,308.1                              | 154.3                                   |
| 2040 | -6.1                                       | 30.6                                         | 46.0                              | 82.8                                     | -1,393.3                              | 157.9                                   |
| 2041 | -6.1                                       | 30.2                                         | 45.3                              | 81.5                                     | -1,477.2                              | 161.3                                   |
| 2042 | -6.0                                       | 29.8                                         | 44.6                              | 80.4                                     | -1,559.9                              | 164.8                                   |
| 2043 | -5.9                                       | 29.4                                         | 44.0                              | 79.3                                     | -1,641.5                              | 168.2                                   |
| 2044 | -5.9                                       | 28.9                                         | 42.9                              | 77.7                                     | -1,721.4                              | 171.2                                   |
| 2045 | -5.9                                       | 28.5                                         | 41.5                              | 75.9                                     | -1,799.5                              | 173.8                                   |
| 2046 | -6.0                                       | 28.0                                         | 40.1                              | 74.1                                     | -1,875.8                              | 176.3                                   |
| 2047 | -6.1                                       | 27.6                                         | 38.8                              | 72.4                                     | -1,950.3                              | 178.8                                   |
| 2048 | -6.2                                       | 27.1                                         | 37.5                              | 70.8                                     | -2,023.2                              | 181.2                                   |
| 2049 | -6.3                                       | 26.7                                         | 36.2                              | 69.2                                     | -2,094.4                              | 183.6                                   |
| 2050 | -6.4                                       | 26.3                                         | 34.9                              | 67.5                                     | -2,163.9                              | 185.9                                   |
| 2051 | -6.6                                       | 25.8                                         | 33.5                              | 65.9                                     | -2,231.7                              | 188.1                                   |
| 2052 | -6.8                                       | 25.4                                         | 32.2                              | 64.4                                     | -2,298.1                              | 190.3                                   |
| 2053 | -7.0                                       | 25.0                                         | 31.1                              | 63.0                                     | -2,362.9                              | 192.6                                   |
| 2054 | -7.2                                       | 24.6                                         | 29.9                              | 61.7                                     | -2,426.4                              | 194.7                                   |
| 2055 | -7.4                                       | 24.2                                         | 28.7                              | 60.3                                     | -2,488.4                              | 196.9                                   |
| 2056 | -7.6                                       | 23.8                                         | 27.5                              | 58.9                                     | -2,549.0                              | 198.9                                   |
| 2057 | -7.8                                       | 23.4                                         | 26.5                              | 57.7                                     | -2,608.4                              | 201.0                                   |
| 2058 | -8.0                                       | 23.0                                         | 25.5                              | 56.5                                     | -2,666.5                              | 203.1                                   |
| 2059 | -8.2                                       | 22.6                                         | 24.5                              | 55.3                                     | -2,723.4                              | 205.1                                   |
| 2060 | -8.3                                       | 22.2                                         | 23.5                              | 54.1                                     | -2,779.0                              | 207.0                                   |
| 2061 | -8.5                                       | 21.9                                         | 22.6                              | 53.0                                     | -2,833.5                              | 208.9                                   |
| 2062 | -8.6                                       | 21.5                                         | 21.7                              | 51.9                                     | -2,886.9                              | 210.9                                   |
| 2063 | -8.8                                       | 21.2                                         | 20.9                              | 50.9                                     | -2,939.3                              | 212.8                                   |
| 2064 | -8.9                                       | 20.8                                         | 20.1                              | 49.9                                     | -2,990.6                              | 214.7                                   |
| 2065 | -9.0                                       | 20.5                                         | 19.4                              | 48.9                                     | -3,040.9                              | 216.5                                   |
| 2066 | -9.1                                       | 20.1                                         | 18.7                              | 47.9                                     | -3,090.3                              | 218.3                                   |
| 2067 | -9.2                                       | 19.8                                         | 18.0                              | 47.0                                     | -3,138.7                              | 220.1                                   |
| 2068 | -9.3                                       | 19.5                                         | 17.4                              | 46.1                                     | -3,186.1                              | 221.9                                   |
| 2069 | -9.3                                       | 19.2                                         | 16.8                              | 45.3                                     | -3,232.7                              | 223.6                                   |
| 2070 | -9.4                                       | 18.8                                         | 16.2                              | 44.4                                     | -3,278.4                              | 225.3                                   |
| 2071 | -9.4                                       | 18.5                                         | 15.7                              | 43.6                                     | -3,323.3                              | 227.0                                   |
| 2072 | -9.4                                       | 18.2                                         | 15.2                              | 42.8                                     | -3,367.3                              | 228.7                                   |
| 2073 | -9.4                                       | 17.9                                         | 14.7                              | 42.0                                     | -3,410.5                              | 230.3                                   |
| 2074 | -9.4                                       | 17.6                                         | 14.2                              | 41.2                                     | -3,453.0                              | 232.0                                   |
| 2075 | -9.4                                       | 17.3                                         | 13.8                              | 40.5                                     | -3,494.7                              | 233.6                                   |
| 2076 | -9.4                                       | 17.0                                         | 13.4                              | 39.8                                     | -3,535.6                              | 235.2                                   |
| 2077 | -9.4                                       | 16.8                                         | 13.0                              | 39.1                                     | -3,575.9                              | 236.7                                   |
| 2078 | -9.4                                       | 16.5                                         | 12.6                              | 38.4                                     | -3,615.5                              | 238.3                                   |
| 2079 | -9.4                                       | 16.2                                         | 12.2                              | 37.8                                     | -3,654.3                              | 239.8                                   |
| 1Reinvestment of dividends is not included in net purchase. |
|-------------------------------------------------------------|

**Note: Present Value discount at Treasury Bond yield**Based on Intermediate Assumptions of the 2004 Trustees Report With Ultimate Real Trust Fund Yield Rate of **3.0**With Ultimate Real Treasury Bond Yield Rate of **3.0**

Office of the Chief ActuarySocial Security AdministrationApril 13, 2005

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