In 1981, when Galveston County employees pulled out of the Social Security system, the program was projected to be insolvent by 2010, said Rick Gornto, the designer of the Alternate Plan and president of First Financial Benefits, the company that manages the retirement accounts.
Today's budget deficits are measured in the hundreds of billions, but the looming shortfalls for the two retirement programs are projected to be in the tens of trillions of dollars.
That year the program's total cost was projected to be $62 billion for 183 F-22s distributed to seven combat squadrons.
In the absence of a vaccination program, RGE-related societal costs of care are projected to be 2,023,038 OMR (5,259,899 USD), including 1,338,977 OMR (3,481,340 USD) in direct medical costs, of which 65% was due to hospitalization.
The EDC Program was projected to have an average annual budget of $12 million.
(Those programs' growth after this decade, however, is projected to drive deficits up again to unsustainable levels).
Moreover, sequestration mostly spares Medicare and Medicaid, the health care programs that are the primary reason federal spending is projected to increase.
This increase is projected to continue as ART programs mature (Fig. 5).
If no changes are made, the program's reserves are now projected to be exhausted in 2036, a year earlier than last year's projection.
