Gerald Ford said "It is the law--and let me underscore that now--it is the law. Both the Social Security law--it is attached to title XLII, section 911--and the Budget Act, title II, section 3631, mandate--and I underscore mandate--that ``the social security surplus shall not be counted in budget deficit calculations by the Congress.'' That is why the budget resolution passed earlier this year showed a deficit. You talk about honest figures. I have heard honest figures held out in front of me until it dripped. That meant my figures were dishonest. I do not particularly like that. But it showed a deficit of more than $100 billion under the Republican plan." @ PoliticalQuotes.com

On the recordJanuary 5, 1996

It is the law--and let me underscore that now--it is the law. Both the Social Security law--it is attached to title XLII, section 911--and the Budget Act, title II, section 3631, mandate--and I underscore mandate--that ``the social security surplus shall not be counted in budget deficit calculations by the Congress.'' That is why the budget resolution passed earlier this year showed a deficit. You talk about honest figures. I have heard honest figures held out in front of me until it dripped. That meant my figures were dishonest. I do not particularly like that. But it showed a deficit of more than $100 billion under the Republican plan.

Said by

Gerald Ford

Republican · Michigan

Source

govinfo.gov

Editor's note · Context

Discussing the implications of using Social Security funds in budget deficit calculations.

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