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Social Security: Looking for trust in the trust fund  view story
Monday, May 16, 2005
Eric Black - - Minneapolis Star Tribune
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There's a four-drawer filing cabinet in Parkersburg, W. Va., that generates a perpetual torrent of controversy, confusion and anger.
In its drawers are kept $1.7 trillion worth of U.S. government bonds, constituting the holdings of the Social Security Trust Fund.
Depending on which side of the controversy you believe, those bonds will enable Social Security to pay full benefits to all beneficiaries until 2041, or they are evidence of the biggest swindle in human history, a crime so heinous that Sen. Ernest Hollings, D-S.C., once called it "the most reprehensible fraud in this great jambalaya of frauds."
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