BobL, isn’t Social Security “off-budget”?
“BobL, isnt Social Security off-budget?”
In the sense that it doesn’t have to be authorized every year. As long as the Administrator follows the law regarding eligibility and benefit levels, then Congress doesn’t have to do a thing and people don’t even know its exploding cost. That’s the nice thing about an ‘entitlement’.
But yes, it sure as heck is a REAL COST to the federal government and it is included in revenue and spending projections when you see $3T plus numbers being kicked around.
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