https://www.thebalance.com/off-budget-definition-and-examples-3305951
Definition: Off-budget is the revenue and spending of certain Federal entities that Congress wants to protect from the normal budget process. “On-budget” includes these entities, and is the total amount reported in the Federal “unified” budget. Off-budget spending is excluded from budget caps, sequestration, and pay-as-you-go requirements.
Examples
The three main entities that are off-budget are the Social Security Trust Fund, the U.S. Postal Service, and Fannie Mae and Freddie Mac.
Social Security has been funded by payroll taxes since 1937. By 1962, there were more Baby Boomers working than there were retirees needing benefits. This meant the Fund had more than enough money to cover its costs. It invested the surplus in special Treasury bonds that paid a guaranteed return.
This was done off-budget. Otherwise, all that revenue would have made it look like the government was flush with cash, and Congress would have spent it all. There would have been none left to fund Social Security benefits when the Boomers retired.
However, calling the revenue off-budget didn't really protect it. Instead, Congress worked with two budgets. The real budget was the unified, which included off-budget items like the Social Security tax revenue. The official budget was the on-budget, which didn't include Social Security revenue. Instead, Congress ran a what looked like a deficit, but which was actually funded by Social Security.
Payroll tax receipts that go into the Social Security Trust Fund are considered “off-budget”, but are nevertheless used as revenue in the unified budget.
http://www.cagw.org/content/baseline-budgeting
BASELINE BUDGETING
“Baseline budgeting” is one of those Washington terms that sounds very dry and boring. In reality, baseline budgeting is one of the most sinister ways that politicians claim to cut spending when they are actually increasing spending. The Congressional Budget Office defines the baseline as a benchmark for measuring the budgetary effects of proposed changes in federal revenue or spending, with the assumption that current budgetary policies or current services are continued without change. The baseline includes automatic adjustments for inflation and anticipated increases in program participation. Baseline, or current services, budgeting, therefore builds automatic, future spending increases into Congress's budgetary forecasts.
100% correct
The current services baseline is probably the biggest tool the ruling class has to keep control. Almost impossible to actually cut Govt. while it is place. Being a businessman Trump knows all about Baseline Budgets. I think Trump needs to stop telegraphing his plans and just do it starting Jan 21. If he was talking a 1% cut they would be screaming about his cruelty so he might as well go for some real cuts. Pretty obvious this is going to be very ugly ride.Trump is a force to reckoned with but he is going up against 1000 ton hydra.
Is this content original to you? Well. you are brilliant if it is. At a minimum your awesome for posting it. That is the best explanation I have ever seen of the budgetary 3 card Monte known as Social Security.
“Social Security has been funded by payroll taxes since 1937. By 1962, there were more Baby Boomers working than there were retirees needing benefits. This meant the Fund had more than enough money to cover its costs. It invested the surplus in special Treasury bonds that paid a guaranteed return.
This was done off-budget. Otherwise, all that revenue would have made it look like the government was flush with cash, and Congress would have spent it all. There would have been none left to fund Social Security benefits when the Boomers retired.
However, calling the revenue off-budget didn’t really protect it. Instead, Congress worked with two budgets. The real budget was the unified, which included off-budget items like the Social Security tax revenue. The official budget was the on-budget, which didn’t include Social Security revenue. Instead, Congress ran a what looked like a deficit, but which was actually funded by Social Security.
Payroll tax receipts that go into the Social Security Trust Fund are considered “off-budget”, but are nevertheless used as revenue in the unified budget.”
The US Fed does two things. It takes money from its citizens at gun point and it gives it to other citizens. This is in return for the citizen ceding control of their welfare to the US Fed and thereby ensuring reliable voted for the government party the Democratic party.