"Max Sawicky" <[email protected]> wrote:
> I never said the Gov would run out of money, comrades. Just telling you how > budgeting is done. I did a quick check and SS spending > currently exceeds tax income and will soon if not already after restoration > of the payroll tax. I have to take exception to > Michael's point, which if you think about it is contradictory. If what > matters is where the money comes from, the Trust Fund > is exactly about that. It reflects the extent of financing from the payroll > tax and taxes on benefits. Moreover, the trust funds have > political salience, whether you like it or not. Accounting is not fiction. > How you count and classify is profoundly political. Accounting is sexy. http://www.law.cornell.edu/uscode/text/2/905 answers my question then. It says that SS payments aren't subject to sequestration and the Social Security Administration can draw on the fund to make payments. -- Ron
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
