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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Steve Dietrich who wrote (495712)	7/16/2009 5:02:43 PM
From: i-node	Respond to of 1574574

You're reduced to branding Social Security, one of our nation's most successful programs a Ponzi scheme. Ponzi Scheme: "An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones." Social Security: "An investment swindle in which the future benefit payments from fictitious (often, unborn) sources and early investors are paid off with funds raised from later ones." Sounds pretty much the same to me. This imaginary $36 Trillion debt of yours, how much interest are we paying on that? We're not. But that doesn't mean it isn't a debt. It just means it a liability that is non-interest bearing. Quit this. I'm LMAO at you. You're humiliating yourself. SS has been solvent and effective for 75 years and is projected to be solvent well into the future. It has been "effective" only because of massive tax increases on the lower-middle class to raise funds which could not have been raised any other way. As to "solvency" you're full of shit. In 2037 -- that's 27 years hence, benefits will need to be cut by 25% in order to continue making payments. 27 years, in pension terms, is the blink of an eye. When you say they're solvent and effective for 75 years you're lying through your teeth.