Jacob's Politics

If US Treasury Bonds are worthless,

then what about a piece of paper which reads

"In God We Trust"?

Should it read

"My God, We Are Bust"?

NEW YORK TIMES EDITORIAL
Shameless Photo-Op
Published: April 7, 2005

Imagine this: On his next trip to Japan, President Bush visits the vault at the Bank of Japan, where that country's $712 billion in United States government bonds is stored. There, as the cameras roll, he announces that the bonds, backed by the full faith and credit of the United States, are, in fact, worthless i.o.u.'s. He does the same thing when he visits China and so on around the world, until he has personally repudiated the entire $2 trillion of United States debt held by foreigners. .....

....Mr. Bush wants Americans to believe that the trust fund is a joke. But if the trust fund is a joke, so is the full faith and credit of the United States.

Fortunately, the governments, institutions and individuals who hold United States debt can tell a publicity stunt from a policy statement. Still, casting aspersions on a basic obligation of the United States government is insulting and irresponsible."

The ALL MIGHTY American Dollar is worthless according to George Bush, who stood in fromt of a filing cabinet and said that the Social Security Trust Fund, which is invested its surplus in Treasury Bonds, is just a worrthless bunch of IOUs.

Americans really have an idiot as its White House resident!

Recall that Daily Mirror Front Page Splash of 5th November 2004? How TRUE.

posted by Jacob Matthan @ 20:30