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User Info Did Treasury Just Strategically (Intentionally) Default?; entered at 2011-07-01 19:07:32
Genesis
Posts: 130747
Registered: 2007-06-26
Correct. It's non-marketable is not protected under the Constitution and carries no rating because, again, it's non-marketable.

All those who argued that the Social Security and Medicare funds were anything other than an accounting fiction and a "polite political promise" just got shown the ass end of Treasury Secretary Geithner.
2011-07-01 19:07:32