Monday, September 19, 2011

Perry & Ponzi Schemes!

I thought I didn’t agree with Rick Perry about anything. I may be wrong about that. The screams of dismay, even from the right, directed at him for calling Social Security a Ponzi scheme are predictable. They are guaranteed kneejerk reactions when anyone questions or criticizes this most sacred of all cows.

After all, doesn’t a Ponzi scheme depend on a continuing and ever-increasing flow of new investors if it is to pay the returns promised to earlier investors? How is that not an accurate reflection of the Social Security System?

To don’t back off, Rickie-Boy. Keep tellin’ it like it is.


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