Spending or revenues excluded from the budget totals by law. Social Security and the Postal Service are “off-budget.”
“Off-budget” spending is excluded from budget caps, sequestration, and “pay-as-you-go” requirements.
SOURCE: OMB Watch
National Debt Glossary
Looks up the key terms for understanding America's financial crisis
Frequently Asked Questions: National Debt
- How did the national debt get to be so big?
- What's the difference between the debt and the deficit?
- Why can't the government just print more money to get out of debt?
- How much U.S. debt is owned by foreign countries?