[1Old Pro]

But those “IOUs” are federal treasury bonds. To call them meaningless worthless scraps of paper, which Bush implied they are, is to cal the treasury bonds that are in peoples retirement plans “IOUs”. It’s dishonest, unless you think your own treasury bonds are risky scraps of paper.

The funds are not in treasury bonds, they are iou's, kinda like crypto. There is no trust fund.

[NeverCheney]

“ The funds are not in treasury bonds, they are iou’s,”

Not true. Do some reading. Bush simply relabeled bonds as “IOUs”. That’s a fact Jack