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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (21642)7/25/2002 9:15:18 AM
From: AC Flyer  Read Replies (1) of 74559
 
>>Yes, we can always rely on an ever-increasing cohort of youngsters to pay for retirement of the previous generation. This brilliant idea was invented by a guy named Ponzi. The USA has an infinite supply of resources so we can do this forever.<<

This is a popular criticism of the social security system. I think that it is a good idea to guarantee the retired citizens of our country a minimum standard of living via social security payments. Perhaps you don't. And yes, the US can do this forever.
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