The Pollock plan is slightly better than what we have now. At least it is as much of a guarantee as any other bond instead of being paid at the whim of Congress. It would be nice if those bonds could be resold on the market by the people so if they wanted to buy stocks instead they could.
I disagree. The entire point of collecting a surplus was to avoid having to raise taxes. But those IOUs can only be redeemed by raising taxes.
And what's worse, putting those IOUs into accounts, complete with phantom earnings, will further perpetuate the fraudulent idea that they are actual assets.
People need to realize just what the government has done with the surplus. And demand that government shrink spending and allow the people to keep that money instead (I hate using the word "allow", but in this day and age, that's what it amounts to).