2012, the national spending limitation shall be equal to 
the product derived by multiplying—
‘‘(i) 20 percent of the GDP for the fiscal year 
for which the determination is made, by 
‘‘(ii) 0.99, factored a number of times equal to 
the number of fiscal years during such period which 
end with or before the fiscal year for which the de-
termination is made. 
‘‘(B) For each fiscal year during the period beginning 
with fiscal year 2013 and ending with fiscal year 2017, 
the national spending limitation shall be equal to— 
‘‘(i) the amount of national spending limitation 
under this subsection for fiscal year 2012, increased 
by 
‘‘(ii) the rate of growth in the GDP over the pe-
riod beginning with fiscal year 2013 and ending with 
the fiscal year for which the determination is made. 
‘‘(C) For each fiscal year during the period beginning 
with fiscal year 2018 and ending with the termination 
year, the national spending limitation shall be equal to—
‘‘(i) the amount of the national spending limita-
tion under this subsection for fiscal year 2018, in-
creased by 
‘‘(ii) the sum of—
‘‘(I) the rate of growth in the GDP over 
the period beginning with fiscal year 2018 and 
ending with the fiscal year for which the deter-
mination is made, plus 
‘‘(II) 1.75 percentage points for each fiscal 
year during the period described in subclause 
(I). 
‘‘(D) Notwithstanding subparagraphs (B) and (C), in 
any case in which the OASDI trust fund ratio is less than 
125 percent as of the end of the fiscal year preceding each 
fiscal year during any period of 1 or more fiscal years re-
ferred to in such subparagraphs and preceding the termi-
nation year, the national spending limitation for each fis-
cal year during such period shall be the product of—
‘‘(i) 20 percent of the GDP for the fiscal year 
for which the determination is made; and 
‘‘(ii) 0.99, factored a number of times equal to 
the number of fiscal years during such period which 
end with or before the fiscal year for which the de-
termination is made plus the total number of fiscal 
years referred to in subparagraph (A), 
plus, if subparagraph (C) applied to the fiscal year pre-
ceding such period, the increase (if any) under subpara-
graph (C) in the national spending limitation for such fis-
cal year attributable to subparagraph (C)(ii)(II).
‘‘(4) For purposes of this subsection, the term ‘termi-
nation year’ is the first fiscal year, after fiscal year 
2017—
‘‘(A) for which the OASDI trust fund ratio is 
at least 125 percent; and 
‘‘(B) on the last day of which there are no out-
standing transition obligations of the Self-Liqui-
dating Social Security Transition Fund under sec-
tion 6 of the Social Security Personal Savings Guar-
antee and Prosperity Act of 2004. 
‘‘(5) For purposes of this subsection, the term ‘GDP’ 
means the gross domestic product, as projected by the De-
partment of Commerce.’’. 
SEC. 12. IMPOSITION OF SPENDING LIMITATIONS ON CON-
GRESSIONAL BUDGET RESOLUTIONS. 
(a) CONTENTS OF CONGRESSIONAL BUDGET RESO-
LUTIONS.—Section 301(a) of the Congressional Budget 
Act of 1974 is amended by adding at the end the following 
new sentence: ‘‘The concurrent resolution on the budget 
for fiscal year 2006 or for any ensuing fiscal year shall 
be consistent with the spending limitation specified in sec-
tion 1105(i) of title 31, United States Code.’’. 
(b) SPENDING LIMITATION POINT OF ORDER.—Sec-
tion 312 of the Congressional Budget Act of 1974 is
amended by adding at the end the following new sub-
section: 
‘‘(g) SPENDING LIMITATION POINT OF ORDER.—(1) 
It shall not be in order in the House of Representatives 
or the Senate to consider any concurrent resolution on the 
budget for fiscal year 2006 or for any fiscal year there-
after, or any amendment thereto or conference report 
thereon, that is not consistent with the spending limitation 
specified in section 1105(i) of title 31, United States Code. 
‘‘(2) Paragraph (1) may be waived or suspended in 
the House of Representatives or the Senate only by the 
affirmative vote of two-thirds of the Members, duly chosen 
and sworn. An affirmative vote of two-thirds of the Mem-
bers, duly chosen and sworn, shall be required in the Sen-
ate to sustain an appeal of the ruling of the chair on such 
point of order. Appeals in the Senate from the decisions 
of the chair relating to paragraph (1) shall be limited to 
one hour, to be equally divided between, and controlled 
by, the mover and the manager of the concurrent resolu-
tion.’’. 
SEC. 13. REDUCTION OF FICA RATES RESULTING FROM 
PERSONAL SOCIAL SECURITY SAVINGS PRO-
GRAM. 
(a) EMPLOYEE CONTRIBUTION.—Section 3101 of the 
Internal Revenue Code of 1986 (relating to tax on employ-