Several programs, notably Social Security, which the White House said would be “cut” under President Obama’s fiscal 2014 budget which he’s finally unveiling next week would actually grow at close to the currently projected rates, according to experts.

Instead of the “cuts” heralded in headlines today, the president’s budget writers are seizing on a formula that simply tweaks the rate of growth. While it could still significantly reduce the projected 10-year budget deficit, it won’t cut anything from what seniors, veterans, students and others who rely on the programs get.