Sunday, December 28, 2008

The Social Security scam - From New Jersey's Star-Ledger: "The Ponzi scheme that Baby Boomers are waiting to cash in on": "The federal government, on the other hand, never tried to make the Social Security system work. The feds didn't invest the money in the market. They took the money that we gave them and lent it to themselves, promising themselves interest. To be paid by themselves."

1 comment:

rdan said...

Good grief. At least read the 81 pages of the Trustees report. Even Andrew Biggs and Diane Lim-Rogers call this rubbish as an argument.