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Bush Questions Solvency of Social Security Trust

By David Greene
Published April 5, 2005 at 9:00 PM MST

President Bush takes his Social Security tour to the Federal Bureau of Public Debt in West Virginia to illustrate his concerns about the program. The bureau holds U.S. Treasury bonds backing the $1.7 trillion Social Security trust fund, which Bush says represents "I.O.U.s" — not real money.

Copyright 2005 NPR
NPR News
David Greene
David Greene is an award-winning journalist and New York Times best-selling author. He is a host of NPR's Morning Edition, the most listened-to radio news program in the United States, and also of NPR's popular morning news podcast, Up First.
See stories by David Greene