Reply #5: Remember that photo op [View All]

[dweller]

of *moron standing and looking in a file cabinet and claiming there were just 'worthless IOU's' in it?


Bush: Social Security trust fund 'just IOUs'

President says, 'There is no trust fund'
PARKERSBURG, W.Va. - President Bush on Tuesday used a
four-drawer filing cabinet stuffed with paper representing
government IOUs that he said symbolized the Social Security trust
fund's bleak outlook for meeting Americans' future retirement
needs.

"A lot of people in America think there is a trust - that we take
your money in payroll taxes and then we hold it for you and then
when you retire, we give it back to you," Bush said in a speech at
the University of West Virginia at Parkersburg.

"But that's not the way it works," Bush said. "There is no trust
'fund' - just IOUs that I saw firsthand," Bush said.
http://www.msnbc.msn.com/id/7393649/

for a different opinion:http://www.pbs.org/newshour/bb/economy/july-dec01/lockbox_8-22.html

yeh, he'll make sure they are worthless.
dp

edit: links