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Pastimes : Where the GIT's are going

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From: stock leader1/10/2009 5:39:39 PM
1 Recommendation  Read Replies (1) of 225578
 
Madoff $50 billion ponzi scheme? that's bush league...how about a $2 trillion ponzi scheme....
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"As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.

The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay.
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