A joint resolution to freeze spending in the budget of the United States at fiscal year 1985 levels and reduce deficits, and to accelerate the off-budget treatment of the Social Security trust funds.

Freezes all spending in the budget at FY 1985 levels beginning with FY 1986. Permits increased spending in any program if such spending is wholly offset by equivalent increases in revenue or reductions in spending in other programs.

Accelerates the treatment of the Social Security Trust Funds (the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund): (1) as a separate major functional category in the budget; and (2) as an exclusion from the totals of the budget.