"Only an imbecile would believe what’s going on now.
They have to keep the Ponzi scheme going.
Showing posts with label Ponzi. Show all posts
Showing posts with label Ponzi. Show all posts
Thursday, December 1, 2011
Sunday, September 25, 2011
John Mauldin on Social Security and Ponzi: Have America's Parents stolen thier children's inheritance
"As long as each succeeding generation is willing to pay and is large enough,
SS can go on.
But now we have trillions in unfunded liabilities.
...anyone with a neuron firing knows there is no lock box
and the Social Security funds are an entry into a government accounting book
that don't really exist except as an IOU.
Politicians of all stripes have used the Social Security money
to pay for other government expenses.
SS can go on.
But now we have trillions in unfunded liabilities.
...anyone with a neuron firing knows there is no lock box
and the Social Security funds are an entry into a government accounting book
that don't really exist except as an IOU.
Politicians of all stripes have used the Social Security money
to pay for other government expenses.
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