Proposal Documentation

Listed below is where documentation was obtained for various circumstances mentioned within the Proposal by specific page reference for each.

U.S. births (page 15- Note #3)-  3,988,076 in 2014 per CDC National Center for Health Statistics

U.S. naturalizations (page 15- Note #4)-  654,949 in fiscal year 2014 per U.S. Citizenship & Immigration Services

U.S. stock market long-term return (page 15- Notes #1 & #2)-  9%-plus per New York Univ. Stern School of Business.  And CNN/Money “according to investment researcher Morningstar”

U.S. Treasury long-term (10-year) bond return (page 15- Notes #1 & #2)-  5 to 6% per New York University Stern School of Business.  And CNN/Money “according to Morningstar”

Social Security annual FICA tax receipts (page 18)-  fiscal year 2015 FICA tax receipts were $786 billion per CBO Social Security Policy Options Report from December 15, 2015

S&P 500 Index, Total Market Index, Extended Market Index performance & domestic composition percentages (pages 25/26)-  Fidelity (Investments) Mutual Fund Guide, Jan. 2016

U.S. mortality rates (page 28- Note #6)-  Social Security Actuarial Life Table for 2013

Total Social Security annual spending (page 30- Note #7)-  expenditures in fiscal year 2015 were $888 billion per CBO with 70% (or $618 billion) for Retirement, 16% (or $143 billion) for Disability, and 13% (or $116 billion) for Survivors Benefits

Exhaustion date for combined Old Age (Retirement), Survivors, Disability (OASDI) Benefits (page 31, paragraph 4)-  calendar year 2029 per CBO estimation

Social Security funding needed for 75-year actuarial balance (page 34, paragraph 6)- $225 billion annually per CBO & Social Security Trustees’ average of estimated projections

S&P 500 Index size (page 56) –  $20 trillion market capitalization 12/31/16 per Siblis Research

U.S. economy size (page 56) –  $18.5 trillion GDP in 2016 per Wikipedia

U.S. national debt size (page 56) –  $20 trillion per CBO projection for 2017

U.S. bond market size (page 56) –  $39.5 trillion debt outstanding mid-2015 per Securities Industry and Financial Markets Association

Social Security annual administrative costs (page 61, paragraph 4)-  $6 billion in fiscal year 2015 from page 4 of CBO Social Security Policy Options Report from December 15, 2015

 

June 10th, 2018