Okay, did anyone else notice the following two things?
- How is it that the Treasury Bond backed Social Security Trust Fund can have "no real assets", and is just backed by "a cabinet of worthless IOUs". Yet the solution to risk aversion is private accounts is an option to invest in, yes, Treasury Bonds. Muh?
- Not a single "journalist" has yet to comment on this (excepting Josh Marshall, but I emailed the point to him an hour before he posted on it, so who knows).