1) If Bush is correct, than I and millions of other workers want our money back because for the last two decades we have funded the general operations of this government and tax cuts for the wealthy through regressive payroll taxes that reduce our earned income up to $90,000 by 15%. I'll take that as a check thank you and you can finance it by restoring the capital gains tax to prior levels, the top tax rates, and eliminating the cap on social security wages subject to tax. You might as well cut my current social security tax to the proper rate which should be about 10% (5% for me, 5 for the employer) about now.
2) If Bush is correct then China and Japan should get out now and dump bonds because the billions of dollars of our debt they hold are also fictions.
3) If Bush is correct than paper money is worthless and we should all start bartering again.
4) If Bush is wrong then he is a dangerously ill informed leader jeopardizing our fiscal future and economic stability.
Gee -- which could it be?