I believe it was 1985 that we passed the law to take Social Security off budget; and as everybody is aware, even with that designation, we continued to spend the Social Security surplus. So it would seem to me, I would say to the gentleman, it is not how the gentleman might construct it where we put these numbers, but it is the final decision whether we spend the money or not.
Nick Smith: “I believe it was 1985 that we passed the law to take Social Security off budget; and as everybody is aware, even with…”
Editor's note · Context
Discussing the implications of the 1985 law regarding Social Security and budget spending.
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