Friday, April 29, 2005

Bonds... bonds... bonds...

From the same Washington Post article about the President's speech:

"To pacify those worried about the risk associated with investment, the president, for the first time, said one of the investment options should be no-risk Treasury bonds."

You know, the same bonds that are in the worthless Social Security trust fund:

"The Social Security Administration calculates that the system will deplete its reserve of Treasury bonds by 2041, after which it will be able to pay out in benefits only what it receives in taxes."

So, now the President believes, as he should, that Treasury bonds are a no-risk investment. So, I guess we can finally agree that the Social Security Trust Fund actually exists.

Took long enough.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home