Last edited by Kode; Jan 11 2017 at 12:39 PM.
"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
I still think treasury notes are IOU's. Medicare and Social security funds have always run a surplus each year so no need to cash in those treasury notes. When they take the surplus each year they put in a treasury note which is applied as governmental debt (gov't owing the public).