Max Speaks!
A couple days ago we wondered aloud how many ‘worthless IOUs’ President Bush has himself written to the Social Security Administration. Max Sawicky ran the numbers and came up with the total: $639 billion.
That’s about 1/3 of the ‘worthless IOUs’ currently in the fund.
Over the next five years, he plans to write another trillion dollars worth, according to his recent budget projection.
Max has the details.