I have completed another round of analysis on the OMB Report Pursuant to the Sequestration Transparency Act of 2012 (P. L. 112–155), which I started with Fiscal Cliff + OMB or Fool Me Once/Twice (Appendix A) and Over The Fiscal Cliff – Blindfolded (Appendix B).
560,157 (in $millions) or 560.157 $billion are hidden in the O (Opaque) MB report. How?
“Hidden” in the sense that money is taken from an unknown government account and transferred to another government account (the one that says “Exempt, 255(g)(1)(A) — intragovernmental”).
In other words, we know where the money went, but not where it came from.
Let’s walk through the first account in Appendix A to illustrate how “Exempt, 255(g)(1)(A) — intragovernmental” would be calculated:
Senate, 001-05-0110 Salaries, Officers and Employees, Sequestrable BA 176 Sequester Percentage 8.2 Sequester Amount 14
If 50 $million is paid out of the Senate account into another government account, it is “Exempt, 255(g)(1)(A) — intragovernmental” and listed at the “other” account as exempt (in Appendix A, Appendix B identifies it as exempt under the Balanced Budget and Emergency Deficit Control Act of 1985, as amended (BBEDCA).)
In the O (Opaque) MB, approximately 560.157 $billion, was transferred from one government account to another, but it isn’t possible to trace the transfers.
Open the data file, Appendix-A-Exempt-Intragovernmental-With-Appendix-B-Pages. It only contains accounts with “intragovernmental” exemptions.
Filter column J for amounts > 0 and sum the results. (I have included page numbers for Appendix A and Appendix B to assist in your verification of the data.)
Another 1.066 $billion is contained in negative exemptions under “Exempt, 255(g)(1)(A) — intragovernmental.”
Filter column J for amounts < 0 and sum the results. What a negative exemption means? You guess is as good as mine. Twenty One accounts where Appendix A says exempt (but no reason) and Appendix B says not exempt.
- 001-15-0100
- 001-15-4296
- 001-25-0101
- 001-25-4325
- 001-25-4346
- 005-65-1955
- 006-48-5583
- 006-48-5584
- 006-60-0551
- 006-60-0552
- 006-60-5396
- 019-20-0233
- 009-38-0118
- 024-70-0701
- 025-09-0206
- 010-22-1700
- 010-95-1127
- 015-25-4159
- 015-45-0947
- 026-00-0112
- 028-00-4156
Filter on column R = x. I used “x” to denote that Appendix A says exempt but Appendix B disagrees.
Finally, there are four (4) accounts in Appendix A that don’t appear in Appendix B.
- 202-00-3112
- 026-00-0109
- 027-00-0100
- 028-00-0100
Filter on column S = x. I used “x” to denote Appendix A has an account number not found in Appendix B (apparent typos in B.)
Totals are for “Exempt, 255(g)(1)(A) — intragovernmental” accounts only. The actual count on missing accounts, etc., is higher on the full data set.
Additional resources:
Text of
255(g)(1)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended (BBEDCA):
Intragovernmental funds, including those from which the outlays are derived primarily from resources paid in from other government accounts, except to the extent such funds are augmented by direct appropriations for the fiscal year during which an order is in effect.
Budget “Sequestration” and Selected Program Exemptions and Special Rules (Congressional Research Service) by Karen Spar is heavy reading but very helpful.
Update:
Refried Numbers from the OMB
In its current attempt at sequester obfuscation, the OMB combined the approaches used in Appendices A and B of its earlier report and reduced the percentage of sequestration. See: OMB REPORT TO THE CONGRESS ON THE JOINT COMMITTEE SEQUESTRATION FOR FISCAL YEAR 2013.