Social Security Ponzi Scheme

Discussion in 'Current Events' started by Lue C Fur, Sep 14, 2011.

  1. Lue C Fur

    Lue C Fur Evil member

    With all the talk about SS being a Ponzi scheme and the media bashing Perry for saying so, i think its important for people to know who else called it a Ponzi scheme.

    Matthews Keeps Pounding Perry's Social Security Ponzi Critique Despite Being Exposed for Saying Same Thing

    Thats right...he said it a week ago and back in 2007.

    Read more: http://newsbusters.org/blogs/noel-s...-security-ponzi-critique-despit#ixzz1XyijqhlX

    And look, the Liberals hero Paul Krugman:
    Krugman on Social Security Circa 1996: 'The Ponzi Game Will Soon Be Over'

    Read more: http://newsbusters.org/blogs/noel-s...96-ponzi-game-will-soon-be-over#ixzz1Xyjev3y2
     
  2. Baba gounj

    Baba gounj pensioner

    WRKO-AM Howie Carr has called it a ponzi scheme for years .
     
  3. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    Glenn Beck said it best the other day...it's not a ponzi scheme. A ponzi scheme is a voluntary involvement into an investment scheme. It's actually worse than a ponzi scheme as there is no voluntary nature of paying into SS.
     
  4. trplnkl

    trplnkl 555

    Glenn Who?
     
  5. moreluck

    moreluck golden ticket member

    Haven't seen or heard from him in ages. It amazes me how the bbsams and the tos' hear him. It's almost miraculous. When I first heard the name Glenn, I thougt we were talking about Rice again....not Condi!
     
  6. trplnkl

    trplnkl 555

    I think Beck may still have a radio show, but not sure.
     
  7. moreluck

    moreluck golden ticket member

    Q: Which Political Party took Social Security from the
    independent 'Trust Fund' and put it into the
    general fund so that Congress could spend it?

    A: It was Lyndon Johnson and the democratically controlled House and Senate.


    ------------ --------- --------- --------- --------- --------- --------- --

    Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?

    A: The Democratic Party.


    ------------ --------- --------- --------- --------- --------- --------- -----

    Q: Which Political Party started taxing Social
    Security annuities?

    A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the
    Senate, while he was Vice President of the US


    ------------ --------- --------- --------- --------- --------- --------- -

    Q: Which Political Party decided to start giving annuity payments to immigrants?

    AND MY FAVORITE:

    A: That's right!

    Jimmy Carter and the Democratic Party.

    Immigrants moved into this country,
    and at age 65, began to receive Social Security payments! The
    Democratic Party gave these payments to them,
    even though they never paid a dime into it!

    ------------ -- ------------ --------- ----- ------------ --------- ---------

    Then, after violating the original contract (FICA),
    the Democrats turn around and tell you that the Republicans want to take your Social Security away
    !

    And the worst part about it is uninformed citizens believe it!
    If enough people receive this, maybe a seed of awareness will be planted and maybe changes will evolve.
    But it's worth a try.
     
  8. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    SS is not a ponzi scheme although the pay as you go approach makes it resemble one.
     
  9. moreluck

    moreluck golden ticket member

    I didn't want to make a new thread.......saw Social security and posted it here. Not a Ponzi point.
     
  10. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    I did not want to post this is not in response to more's lat post but I guess I should have.
     
  11. trplnkl

    trplnkl 555

    Didn't realize it was a resurrection huh?