an iou on an iou, yea that’s good logical smart money management.
The SSTF contains $2.6 trillion in interest bearing, non-market T-bills. The SSTF is part of our $23 trillion and growing national debt. Those T-bills are backed by the full faith and credit of the USG just like any other T-bill.
OK, just hand over the IOUs to the state. Just like when the state gave out script in place of tax refunds one year.