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Keyword: vbonds

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  • Social Security solvency assured by guarantee of Treasury bonds

    03/03/2005 6:38:14 PM PST · by LowCountryJoe · 23 replies · 1,040+ views
    Charleston Post & Courier (reg. req.) ^ | March 03, 2005 | Ernest F. Hollings
    The headline on the commentary in The Post and Courier reads; "Reformers must destroy myth of Social Security solvency." Blasphemy! Since when does a U.S. Bond become a myth? Tell that to patriotic Americans who think U.S. Treasuries are the safest investment and now own approximately $5 trillion worth. Tell that to China that has $500 billion of these "myths" or to Japan that has $714 billion of these "myths." If there is one thing about the United States that you can count on, it is that we honor our obligations. The bank that has your account doesn't squat on...