President George W. Bush made his first visit to State College June 14 to promote his proposed Social Security reforms during the 76th annual National FFA Organization convention (formerly Future Farmers of America).
Bush told the crowd of 1,400 at Eisenhower Auditorium that Social Security is a major problem facing younger Americans that needs to be resolved.
"The job of being president is to confront and fix problems, and not pass them on to future presidents and Congresses," he said.
Bush said he is concerned because younger generations, who currently pay into the Social Security system, will not have a retirement fund because the system will become bankrupt in 2041.
Citizens born before 1950 will receive Social Security checks, but once that generation retires, revenue leaving the government will exceed its income.
His proposed solution is to let working Americans save part of their income tax in an account the government cannot touch.

