[cgbg]

Believe it or not, there is an actual “lockbox”.

It is a cabinet in Parkersburg, West Virginia.

https://moneymorning.com/2017/03/31/the-social-security-trust-fund-is-just-a-stack-of-ious-in-a-west-virginia-filing-cabinet/

The problem is the “lock box” contains IOUs from the government to the government.

It is the old street shell game...do I have a few trillion under this shell—or that one.

[conservatism_IS_compassion]

The problem is the “lock box” contains IOUs from the government to the government.

You don’t have to be a government to write an IOU for a quintillion dollars, as long as you write it to yourself. The problem is that when the government does it, people take it seriously.

It isn’t money, it’s a mere record of money the government “borrowed." And spent.

There are three useless things in aviation:

• altitude above you,
• runway behind you, and
• fuel used.

I don’t care who you are, money spent is in the same category.