Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (218102)	2/26/2013 2:50:36 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 543632

re....Do you really believe SS is a Ponzi scheme? Its my understanding..Steve was referring to ...money.. as the Ponzi...........

To: Mary Cluney who wrote (218102)	2/26/2013 7:10:58 PM
From: Alex MG	Respond to of 543632

he sure does like to parrot at lot of right wing noise to call SS a ponzi scheme he must think that the government is just going to tell people "sorry we don't have any money left, we can't issue any more SS checks, we spent it somewhere else"... I guess he doesn't understand that if you deposit money in a bank it doesn't necessarily stay there... but that doesn't mean the money is "gone"... it's an IOU and the U.S. Govt will make good on it's IOUs for SS

To: Mary Cluney who wrote (218102)	2/27/2013 10:56:28 AM
From: Steve Lokness	Respond to of 543632

<<<<< Do you really believe SS is a Ponzi scheme?>>>>> No not at all and that isn't what I was referring to! I was referring to T L Comiskey post about the printing of money. If money is nothing but paper coming off the printing press, then it is indeed play money and the debt can go up forever. When the debt gets high enough that people no longer have any faith (or less faith) the gig is up because it is just paper - and then you will need your wheelbarrow to fill with dollar bills when you go buy a loaf of bread.