On the recordNovember 2, 1999
I think we got into serious deficit trouble in the 1980s because we had phony numbers, and what this outfit is doing is using once again phony numbers. Let us just put it in a family context. Let us say, for example, I make a living on commission sales. I sell and I get a percentage of what I sell. That is my income. Well, let us say I want to really spend money. And so, I just go ahead and figure, well, this year I am suddenly going to make a great deal more than I ever had before and, in fact, I spend the money. But then the income does not come in as I have projected, I pretty much earned what I always earned and I am in a big financial hole. Well, applying to the Nation, that is what happened to us in the 1980s. And now this outfit, the majority, that parades around on the floor beating their chests about how they are saving Social Security, are doing it with cooked books.
Source
govinfo.gov




