Archive for September 16th, 2011

Social Security System Worse Than a Ponzi Scheme

Social Security System Worse Than a Ponzi Scheme

Rick Perry definitely isn’t my favorite choice for president of the United States. But I will give him a big gold star for one thing: he’s managed to launch a much-needed and long-overdue airing of the bad idea that Social Security is. Perry has compared Social Security to a Ponzi scheme, but it’s actually much worse than a Ponzi scheme. As Robert Tracinski says: “A mere Ponzi scheme? We should be so lucky.”

SEC Agrees: Social Security a Ponzi Scheme

SEC Agrees: Social Security a Ponzi Scheme

Steven Crowder has such a funny way of getting to the truth. Like when he investigated claims that one of America’s biggest, if not THE biggest, budget expenditures is nothing but a Ponzi scheme. Yes, I’m talking about Social Security. Crowder actually looked up the definition of a Ponzi scheme according to the Security’s and Exchange Commission’s website.