The Trust Fund FraudReader comment on: Krauthammer on Obama's Louis XV Budget Submitted by Ed Thompson (United States), Feb 19, 2011 10:31 Do not be fooled by the notion of $328 billion added to a "trust fund." The cash is replaced by IOUs and spent immediately. The IOUs are worthless--an entity cannot borrow from/lend to itself. Think Social Security. Note: Comments are moderated by the editor and are subject to editing. Comment on this item |
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