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Tuesday, April 05, 2005

Bush Admits He's a Deadbeat
Posted by Jill | 5:36 PM

I'm sure that this is going to go over just wonderfully with the many foreign governments holding U.S. Treasuries -- Bush announced today that he has no intention of honoring the so-called "IOUs" in the Social Security fund:

"A lot of people in America think there is a trust -- that we take your money in payroll taxes and then we hold it for you and then when you retire, we give it back to you...But that's not the way it works. There is no trust fund, just IOUs that I saw firsthand that future generations will pay -- will pay for either in higher taxes, or reduced benefits, or cuts to other critical government programs,"


Uh, yeah. And your point is, George? What the fuck do you think a Treasury bond is? Do you have no intention of honoring those either, if it involves tax increases for your wealthy friends? Or are you going to honor them on the backs of the poor and those needing medical care? Good thing Terri Schiavo's dead, then, isn't it? This way you don't have to pay for her care anymore.
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