PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DizzyG who wrote (671521)	2/7/2005 2:00:53 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

Cheney: Social Security Plan to Cost Trillions By Christopher Lee Washington Post Staff Writer Monday, February 7, 2005; Page A02 washingtonpost.com Vice President Cheney acknowledged yesterday that the federal government would need to borrow trillions of dollars over the next few decades to cover the cost of the personal retirement accounts at the heart of President Bush's plan to restructure Social Security. Appearing on "Fox News Sunday," Cheney said the government would have to borrow $754 billion over the next 10 years, and conceded that the price tag would involve borrowing trillions of dollars more in subsequent decades. "That's right. Trillions more after that," Cheney said in response to a question. Despite such costs, the vice president said the price tag of restructuring the system would grow even more expensive if changes to Social Security were delayed....

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