President Bush said yesterday that there s no Social SecurityTrust Fund — it’s just IOUs.

So, suppose I set up a trust fund for my daughter, and put the money into government bonds. According to George Bush, this is a very, very bad idea, since the money wouldn’t exist somehow.

Maybe corporate bonds are safer? Like, say, Enron bonds?

I wonder how much of Junior’s wealth from daddy was in bonds…

Funny how the word “trust” can mean so many things.