Monday, August 29, 2011

Is Social Security a Ponzi Scheme as Rick Perry says...

Ponzi = Talking Point
Once again, over the week-end, Rick Perry called Social security an unconstitutional Ponzi Scheme.  I know he is playing to a base that both wants their checks from the government and yet hates them.  And so Rick Perry is being only more blunt with his assessment.
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But that doesn't make it right.  A Ponzi scheme is an illegal and fraudulent, determinate action to steal money.  It requires active participation and a motive of stealing money.
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Social Security, on the other hand, is a governmental system to provide assistance to the aged and the infirm.  It has been active since the depression - which puts it at about 76 years old.  Now, can people who pay in right now expect "exactly" the same benefits when they retire - perhaps not.  But that doesn't make it a Ponzi scheme.
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Ronald Reagan was one of the prime "saviors" of Social Security when they made some changes a few decades ago.  Will changes have to happen again, sure.
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But are / were the people trying to fix the system, FDR, Ronald Reagan, Clinton, Bush(es) & Obama, were these men crooks and liars - as directors of a Ponzi scheme are?  Should they be thrown into jail - each and every one, as Bernie Madoff is?
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No, of course not.  The truth is that Rick Perry is just another dumb-ass Texan who believes the truth is whatever he can say and get elected.  One lying dumbshit we all will have to listen to for the next 10 years while he is Przdin't.