Monday, November 22, 2010

When NPR Recognizes that Social Security is a Ponzi Scheme By Reason Magazine (Reporter) Monday, November 22, 2010 8:51

Remember a few years back when George W Bush tried to convince Americans to invest their Social Security into the stock? We know damn good and well where we would be now if that had been allowed to happen.

Well guess what America... Our seniors and Elders who have paid into this program for years have been dragged into the largest ponzi scheme ever!

quote from article/link below
"Then everybody finally should. Reason, of course, has been inveighing against this massive government Ponzi scheme* since, oh, the magazine began publishing more than 40 years ago.

On Friday, All Things Considered broadcast an illuminating Planet Money segment which revealed to its listeners that there's really no such thing as the Social Security Trust Fund. It's an accounting fiction (which is a nicer than calling it is "a lie."). So what did NPR say?

Proposals to fix the deficit are coming fast and furious in Washington these days. One major target: Social Security.

Whether you favor cutting Social Security may depend on how you view the Social Security trust funds, which currently contain $2.5 trillion for retirement benefits. That's $2.5 trillion that, according to some people, don't actually exist."

Here's the back story... http://beforeitsnews.com/story/276/066/When_NPR_Recognizes_that_Social_Security_is_a_Ponzi_Scheme.html

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