A Congressional conference committee has reported out a final version of the Congressional budget resolution. Thus far, I have been unable to access the actual resolution. However, the American Association of Retired Persons (AARP) has put out a press release saying that the final fiscal year (FY) 2008 budget resolution for Social Security is $400 million over the President's recommendation, which would make the total for Social Security $10 billion. While considerably better than President's budget, this is still down from the House of Representatives version of the budget resolution, which was $10.1 billion. FY 2008 begins on October 1, 2007.
Remember that the budget resolution is not money that an agency can spend. It is merely a guideline used by the Appropriations Committees who determine exactly what each agency gets -- and to some extent how each agency can spend it.
Remember that the budget resolution is not money that an agency can spend. It is merely a guideline used by the Appropriations Committees who determine exactly what each agency gets -- and to some extent how each agency can spend it.
Actually, the joint resolution provides the same funding for Social Security's administrative expenses as the House resolution. It's $10.1 M--AARP was just rounding. See pages 50-51 in the conference report here: http://www.rules.house.gov/110/text/110_sconres21cr.pdf
ReplyDeleteOops, I mean $10.1 BILLION, not million. :)
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