Wednesday, April 06, 2005

...Ask How You Can Be Screwed by Your Country

From Business Week, which publishes daily on the web, but never mind, we read:

To dramatize Social Security's future solvency problem, the president peered into the four-drawer ivory cabinet inside the Bureau of Public Debt office here along the Ohio River. In the second drawer was a white three-ring binder filled with pieces of paper providing physical evidence of $1.7 trillion in treasury bonds that back Social Security benefits.

"Imagine," Bush said in a speech a short time later at West Virginia University at Parkersburg. "The retirement security for future generations is sitting in a filing cabinet."

Bush went on to say, "With my new 'there's nothing private about something personal' plan, the retirement security of future generations can sit in the circular file, heh heh, just ask my friends at Enron."


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