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Politics : Formerly About Advanced Micro Devices
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To: steve harris who wrote (628006)9/13/2011 9:38:41 PM
From: Tenchusatsu  Read Replies (1) of 1578111
 
Steve, > Can you imagine being paid to dream up this shit to deflect reality?

It's not hard to imagine. Plenty of liberals on this very thread do it for free.

Nice of CNN to spout the government line on whether SS is a Ponzi Scheme or not:

> As for Perry's characterization of Social Security as a "Ponzi scheme," the Securities and Exchange Commission defines such a scheme as "an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors."

> It is true that benefits to current Social Security recipients are paid for in part by new members of the workforce. But Social Security is not a fraudulent criminal enterprise designed only to benefit current participants in the program. It is a legitimate government program meant to serve both current and future generations of retirees.

Really? How is SS going to "serve" me if my contributions will eventually have to be raised, but my future benefits will not? Putting that money away in an interest-bearing account would give me better returns.

CNN should also state that the SS "trust fund" is a complete myth, but they don't. All the government is doing is converting its own IOUs into publicly-held debt. There is nothing to "exhaust" in the first place.

That by itself should be classified as a "fraudulent criminal enterprise designed only to benefit current participants in the program."

Tenchusatsu
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