Feb 8, 2009

Compromise Has No Cuts For Social Security?

The economic stimulus bill that came to the floor of the Senate for action contained $893 million for Social Security, mostly for a new national computer center. There is now a compromise version of this bill that is likely to pass the Senate. This compromise version contains a number of changes. Planet Washington provides a list of the changes and Social Security is not on the list. This contrasts with an earlier report that $140 million would be cut from the amount going to Social Security.

Regardless of the amount, it appears that the Senate bill will contrast with the House bill, which has a similar amount of money, but which devotes much of it to working down Social Security's backlogs. This difference will be worked out in a Conference Committee.

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