According to As Deadline Nears, What If the ‘Super Committee’ Fails?
The Social Security retirement program is exempt from the automatic spending cuts.
The Medicaid health-care program is also protected as are veterans’ benefits, food stamps, and a handful of other programs to help the poor and disabled.
While Medicare benefits would be spared from the automatic cuts, payments to hospitals, and other health-care providers would be reduced. But those cuts would be limited to 2 percent a year.
So, wouldn’t no deal be better than a bad deal? Any deal that does come out of the Super Committee is likely to slash social services and largely exempt military spending and the rich.
See also this article.