The Social Security fund will have negative cash flows by 2019, one...

The Social Security fund will have negative cash flows by 2019, one year later than system trustees' projections, and will go broke by 2052, according to a new report by the Congressional Budget Office. The fund, which is currently running a surplus, and its total outlays equaled 4.4% of GDP in 2003. Total outlays will reach 6.1% of GDP, nearly 40% higher than today, by 2030, the CBO report projects. With life expectancies continuing to rise, outlays are expected to continue rising to 6.3% in 2050 and 7% in 2100.