Crush Liberalism

Liberalism: Why think when you can “feel”?

Social Security IS a Ponzi scheme

Gov. Rick Perry was catching hell for having the nads to state the obvious: Social Security is, by its very nature, a Ponzi scheme.  The same thing for which Bernie Madoff and Nevin Shapiro went to prison is exactly how our government runs Social Security.  Economist Dean Kalahar explains, an excerpt of which follows:

In simple terms the FICA program is a pyramid or Ponzi scheme. In the fraud, people on the top of the pyramid collect as long as they can get others below them to pay in. Now as the baby boom retires, the takers outstrip the payers. And like all Ponzi schemes, this is when the system will collapse like a house of cards and take with it the American economy.

The day of reckoning is here. Not even the all powerful OZ can spend other people’s money, write an IOU to himself, and then on some future day expect to use those IOUs to fund the Emerald City. It’s time to pull back the curtains and admit “the emperor has no clothes.”

The good news is that it’s in everyone’s self-interest; liberals, conservatives, left, right, Democrat and Republican, to stop in the runaway train and de-energize the third rail before it runs us over. All aboard!

An ostrich just called to say he doesn’t seen anything.

Advertisements

September 6, 2011 - Posted by | economic ignorance, Social Security

4 Comments »

  1. It is a ponzi scheme, not intended to be, but due to government interference, once again, a good program was ambushed. Had the politicians left it the money where it was to do what it was supposed to do, all would have been well. They just couldn’t stand having all that money hanging around when there was so many votes to buy.
    Thanks, LBJ, once again your legacy lives on. Asshat.

    Comment by J. Guidry, Battlefield, MO. | September 6, 2011

  2. […] Social Security IS a Ponzi scheme (crushliberalism.com) […]

    Pingback by Perry’s Ponzi—A definition is in order « The Trough | September 7, 2011

  3. […] Social Security IS a Ponzi scheme (crushliberalism.com) […]

    Pingback by Social Security may actually be worse than a ponzi scheme | Prepper Podcast Radio News | September 8, 2011

  4. […] Social Security IS a Ponzi scheme (crushliberalism.com) […]

    Pingback by Social Security and Ponzi Schemes: What’s the Difference Between Bernie Madoff and Uncle Sam? « Front and Center | September 8, 2011


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: