we will say that everything my friend has said is accurate. I do not question his sincerity or his statements. We will take it from that point on. Under statutory provisions, we cannot use Social Security funds as it relates to deficits, budgets--it is off budget. That is 13301. I am sure you are familiar with that. Now, in the balanced budget amendment, we are allowing, based on the statement of the senior Senator from Oklahoma yesterday, that this is a tax and an expenditure and, therefore, it ought to be part of the balanced budget amendment to the Constitution. What is the underlying fear, as I listen to the Senator from Wyoming, and the underlying fear, I say to my friend, of this Senator is that if we allow the money to be used to reduce the deficit, and when we have the leadership on your side--not necessarily the majority leader but other leaders in the budgetary category--tell us how much of the Social Security trust funds will be used if the amendment to the Constitution is passed to balance the budget, then we accelerate your fear here of the reduction of the surplus in the Social Security. If the Social Security continues on its merry way, as you have so aptly described, going downhill, will we not accelerate that if we use, as we were told in handwriting that we are going to use, $147 billion from the trust fund, at least the last 2 years, would that not make it depleted at a much earlier date?
Editor's note · Context
Discussing the implications of using Social Security funds in relation to a balanced budget amendment.
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