Wednesday, February 09, 2005

Social Security is a Ponzi Scheme

By Matt for the TIB Network:

Kevin B. over at The Title of Liberty points out a great piece by Jason Smith of Generation Why. It's a great read and I highly recommend it.

Related Post

I have some thoughts on Social Security over at MVCA's blog as does fellow MVCAer Brian.

Mark's Remarks


As with such things as Amway and other schemes, this reeks of Ponzi. It reeks of pyramid. Basically, you have the people at the top of the pyramid sucking all the resources contributed by the people at the bottom of the pyramid (you and me). The people at the top are the present retirees and those soon to retire. Not to say they don't deserve the payments or that they are willingly screwing those below, but they are nonetheless.

I think it is high time we change the system. It shows intellectual honesty and bravery that the President is putting the issue on the table and having a meaningful dialogue on it, rather than simply using it as a rallying cry to gain election, only to forget it (right, Bill Clinton and Al Gore...I mean, don't you remember your lockbox?)...

Islamofascism Delenda Est!