There are a number of exempt areas from sequestration. I couldn't name them all.
On Sun, Mar 3, 2013 at 1:56 PM, <[email protected]> wrote: > * *"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 > >
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