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Perry off the deep end again

Perry off the deep end again

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This weekend he wigged out and called Social Security a ponzi scheme and a "monstrous lie." And despite his handlers telling reporters not to read his book, he stands by it.

Democrats are having a field day.

http://tpmdc.talkingpointsmemo.com/2011/08/rick-perry-social-security-is-in-fact-a-ponzi-scheme.php?ref=fpblg

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Originally posted by Kunsoo
This weekend he wigged out and called Social Security a ponzi scheme and a "monstrous lie." And despite his handlers telling reporters not to read his book, he stands by it.

Democrats are having a field day.

http://tpmdc.talkingpointsmemo.com/2011/08/rick-perry-social-security-is-in-fact-a-ponzi-scheme.php?ref=fpblg
Ponzi scheme, hmmm. Not entirely accurate but true enough.

The young are being forced to pay into a system so that payments can be made to current recipients but will only receive payments themselves if people behind them are are forced to pay in as well.

Take a look at the Ratio of Social Security Covered Workers to Beneficiaries
http://www.ssa.gov/history/ratios.html

Scroll down and weep.

The "monstrous lie" part seems right.

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SS is a ponzi scheme.

It is nice to see a politician actually state the truth.

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Originally posted by Eladar
SS is a ponzi scheme.

It is nice to see a politician actually state the truth.
Bernie Madoff was inspired by it, apparently.

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Originally posted by dryhump
Bernie Madoff was inspired by it, apparently.
The truth or ponzi schemes?

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Originally posted by Kunsoo
This weekend he wigged out and called Social Security a ponzi scheme and a "monstrous lie." And despite his handlers telling reporters not to read his book, he stands by it.

Democrats are having a field day.

http://tpmdc.talkingpointsmemo.com/2011/08/rick-perry-social-security-is-in-fact-a-ponzi-scheme.php?ref=fpblg
You are so predictably offended by positions Rick Perry, or other GOP candidates take, but I know you wouldn't vote for any of them in any case.

Notice to Kunsoo: GOP voters are looking for things that make you squirm.

By the way, SS does look much like a Ponzi scheme. If any insurance company proposed the exact same thing, everyone would be going to jail.

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Originally posted by dryhump
Bernie Madoff was inspired by it, apparently.
Bernie Madoff was a small time pretender compared to FDR.

1 edit
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Originally posted by normbenign
By the way, SS does look much like a Ponzi scheme. If any insurance company proposed the exact same thing, everyone would be going to jail.
Especially if the company threatened to put you in jail if you didn't comply.

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Originally posted by Sleepyguy
Ponzi scheme, hmmm. Not entirely accurate but true enough.

The young are being forced to pay into a system so that payments can be made to current recipients but will only receive payments themselves if people behind them are are forced to pay in as well.

Take a look at the Ratio of Social Security Covered Workers to Beneficiaries
http://www.ssa.gov/history/ratios.html

Scroll down and weep.

The "monstrous lie" part seems right.
Well, I guess there's always the chance that a nutcase like Perry will get into office and kill the thing. But that doesn't make it a lie.

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Originally posted by Eladar
SS is a ponzi scheme.

It is nice to see a politician actually state the truth.
Well, I really hope he doesn't back off that one. Maybe he can temper it down long enough to win the nomination, and then really pour it on in the general?

I feel sorry for his handlers. Well, no I don't, but you know what I mean.

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Originally posted by normbenign
You are so predictably offended by positions Rick Perry, or other GOP candidates take, but I know you wouldn't vote for any of them in any case.

Notice to Kunsoo: GOP voters are looking for things that make you squirm.

By the way, SS does look much like a Ponzi scheme. If any insurance company proposed the exact same thing, everyone would be going to jail.
Oh yeah. The threat to kill social security makes me squirm. Fortunately, it'll make 80 percent of America squirm as well.

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Originally posted by Kunsoo
Oh yeah. The threat to kill social security makes me squirm. Fortunately, it'll make 80 percent of America squirm as well.
I'm old and collecting now. More and more young people are just getting the picture. The government is broke. SS is worse than broke. How many of them are going to continue to be willing to pay for my check?

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Originally posted by normbenign
I'm old and collecting now. More and more young people are just getting the picture. The government is broke. SS is worse than broke. How many of them are going to continue to be willing to pay for my check?
I'll don't mind, Pops.

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Originally posted by normbenign
I'm old and collecting now. More and more young people are just getting the picture. The government is broke. SS is worse than broke. How many of them are going to continue to be willing to pay for my check?
What we need is a Whodey stimulus package. Just give me a couple of million and I will create jobs for everyone here at RHP!! 😀

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Originally posted by normbenign
I'm old and collecting now. More and more young people are just getting the picture. The government is broke. SS is worse than broke. How many of them are going to continue to be willing to pay for my check?
It's really not that complicated. If the fund is fed from the general fund until we get over the baby-boom hump - and we stop borrowing from the fund - it will be solvent for much longer than any of us will live.