When Liberals called Social Security a Ponzi Scheme (Obama, solution, dollars)

[sanrene]

Hilarious!!

Hypocritical!!

And CAUGHT, once again.

Perry and the Ponzis - Stanley Kurtz - National Review Online

In any case, it’s certain that Perry’s Ponzi-scheme claim is in no way original. Not only have a raft of conservatives called Social Security a Ponzi scheme over the years, quite a few very respectable liberals have done so as well. It is clearly wrong either to treat the Ponzi-scheme analogy as unprecedented or to rule it altogether out of legitimate public debate.

Oh, please DO read the examples of prominent liberals using the same term to describe what we SHOULD all know about SS.

There IS no money, just a bunch of IOUs. There IS a crisis with the program, which is underfunded by TENS OF TRILLIONS of dollars.

[MrRational]

Originally Posted by sanrene

...crisis with the program
...a bunch of IOUs.

Focus on those two ideas for a little while.
Then see what you come up with as the resolution.

[KUchief25]

Paying one person with the money from another and telling the other folks their investment is safe. Yep Bernie is in jail for doing it.

[BentBow]

Stealing from Peter with a boot on his throat, to give to Paul for his vote to do it again.

[jojajn]

Regardless, Florida will be the undoing of Perry because people there like social security.

[Gurbie]

Originally Posted by sanrene

Hilarious!!

Hypocritical!!

And CAUGHT, once again.

Perry and the Ponzis - Stanley Kurtz - National Review Online



Oh, please DO read the examples of prominent liberals using the same term to describe what we SHOULD all know about SS.

There IS no money, just a bunch of IOUs. There IS a crisis with the program, which is underfunded by TENS OF TRILLIONS of dollars.

You Wingers stick with that argument, and with Perry, and we'll all see you at Obama's second inaugural

[High_Plains_Retired]

Good find! My mom and dad used to call it check floating.

[jojajn]

Originally Posted by High_Plains_Retired

Good find! My mom and dad used to call it check floating.

But now your mom and dad call it their social security check the third of every month.

[southbel]

I don't get what the big deal is about Perry saying that. Heck, I thought that was one of the best things he said. It's TRUE! It's a mandatory Ponzi scheme. That's why I think it's so odd that people are freaking out because he actually told the truth. I thought that's what we wanted our politicians to do?

[davehalo]

Fix the Ponzi scheme:
1- apply SS "tax" to all income not just the 1st $108k
2- means test SS

re: the latter, SS is meant as a social safety net. some net! prvt business saw it as a way to slowly do away with pensions, matching contributions, or any type of retirement program...

just do what "we" used to...save on your own and when that fails you, move back in with the kids. heck they are moving back in with us already cuz of the economy so that's one issue we don't have to worry about. now if we could only start saving and not have an economy driven solely by consumption