Save Social Security First Act of 2001

The Save Social Security First Act of 2001 (H.R. 816) proposes a mechanism to strengthen the Social Security system by requiring that any federal budget surplus at the end of a fiscal year be transferred directly into the Social Security trust funds. This process would ensure that excess tax revenue is used specifically to bolster retirement and disability benefits rather than being spent on other government programs.

Additionally, the bill introduces stricter fiscal rules by requiring a two-thirds majority vote in Congress to increase spending limits or waive deficit-control measures if the federal budget is not in a surplus. For everyday citizens, this legislation aims to increase the long-term solvency of Social Security benefits while making it more difficult for the government to increase national debt during years of deficit spending.