this is hilarious. bush is spoutin off with the mouth again, not knowing what the fuck he's talking about ....

One of the myths of Social Security is that your money is going into it and the government is holding it and saving it for you. That's not the way it works. Your money is going into the system and it's getting spent -- some of it on retirement benefits, other parts on just general government. And there's an IOU, a paper IOU accumulating.
... then continues ....
Let me tell you why it makes sense to me that -- first of all, the government can't meet its promises.

http://www.whitehouse.gov/news/releases/2005/03/20050304-9.html

well, if the government is unable to keep it's promises, then why should japan and every other creditor that's floating this administation's quest to bankrupt the nation, continue to carry our massive historical debt?

'sides, aren't U.S. Treasury notes, ... um, IOUs? and what about all those 'promises' he made about not touching social security. or was that just a figment of my imagination?