Finn dAbuzz wrote:
Even Perry isn't suggesting that SS was intended as a Ponzi Scheme.
However, if you consider what the elements of a Ponzi Scheme are and where SS now stands, it's hard to make an argument that SS, today, doesn't look a whole lot like a Ponzi Scheme.
No matter what, you and I are going to be able to realize the promise of SS (no matter how meager it may be) because absolutely no one (including Perry) is advocating reforms that don't grandfather in folks who are now 50 or older.
Consider a 25 year old.
He is paying FICA to pay for the retirement of old farts like you and me.
Is there any reason for him to believe that there will be funds available to fund his retirement?
This is the definition of a Ponzi Scheme. The crook pays off original investors not with the return on their investment, but with the investments of new suckers. Eventually the money runs out and the last to the party gets f*cked.
This is Social Security.
Your kids and mine have absolutely no reason to believe that they will ever see any portion of the money they are paying into SS.
If you contend otherwise, please explain the math.
Getting all indignant about what Perry may or may not have claimed about the origins of SS is ineffectual at best.
If he is wrong about the original intent of SS does that mean he is perforce wrong about the current state of SS?
Misdirection is an effective but ignoble tactic.
To grandfather SS in for those 50 or 55 is the key to its failure... Without the support of the young the old will not have it; and why should the young pay for something they will never see a benefit from??? They say that nonsense to divide and conquer, and it some times works, but it is a way of getting the working classes to cut their own throats so they can keep clean hands... The government stole that money so they would not have to tax the rich... The rich have enjoyed their high profits and added many people to their number... Now it is time to pay the piper... We have enough hands to pick up the rich bodily and shake every cent out of them... All we have to be concerned with is all the millions spent/invested over seas to break us, break our democracy, and break our banks supporting the military we would not otherwise need to defend exported wealth...The whole government is broke... Perry wants the social domino to fall first... If he thinks that one will fall in isolation, let him push it over... I dare him to...