Where the Money Goes — Five Ledgers
~$11.8T
General Fund
All obligations except ring-fenced trusts. Distributed Healthcare, Social Security 2.0 benefits, Defense, Infrastructure, Universal Child Allowance, Skills, Housing. Debt retirement flows from the General Fund, governor-guaranteed within 50 years.
$0.82T returned
Pre-bate + Stipend
VAT Pre-bate ($0.58T) + Energy Stipend ($0.24T). Delivered monthly via FedCard, one month early.
GF commitment after 2034
SS 2.0 (existing Trust, then GF)
The existing SS Trust draws down on the CBO LTBO 2025 schedule (combined OASDI exhausts 2034). The Accord follows the existing schedule — same drawdown, same timing. After exhaustion the Trust is permanently closed and SS 2.0 benefits flow from the General Fund as a permanent statutory commitment. The Accord prevents the ~23% post-exhaustion benefit cut FICA-alone would force. No payroll-tax carve-out for SS; receipts flow undifferentiated to GF. The Debt Sunset Governor protects long-run solvency.
$0.83T/yr
Climate Adaptation Trust
Carbon fee revenue after stipend. Ring-fenced. Expert Board (EPCR) allocates by adaptation ROI.
$0.03T/yr → $0.5T target
too-big-to-fail bank Reserve
Systemic risk levy. Buffer against financial crisis. Financial Stability and Disbursement Board manages. Three pre-authorized deployment triggers.