- May 20, 2009
- 144,424
- 66,817
- 2,330
They're holding "Notes" that can only be sold to the entity that is over $1Trillion in annual deficit
And? I hold $500 in U.S. Savings Bonds that can only be sold back to the Treasury, you're telling me they are worthless? Because I'm pretty sure I can just go to my bank and deposit them, with them settling the transaction with the Treasury on my behalf, just like the last set of savings bonds I deposited. Has the Treasury decided to stop paying on its non-marketable obligations - or are you just a fearmonger?
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it" Barack "Social Security Really is Bankrupt" Obama, the Downgraded President