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| Source:Liberty Pen- House Republicans who I'm guessing are unimpressed with President Obama's speech. But you give it your best shot. |
From Liberty Pen
A Ponzi Scheme (as I see it) is where people put a lot of money into a fund or give someone a lot of money or any money, being told they are going to get some benefit from it and then believing that. Like putting money into property or a business and seeing it go belly up. Bernie Maddof and his scandal of 2008 and before that is an excellent example of that.
Medicare and Social Security have its issues, even Socialists are now acknowledging this. But we pay into both of them and have been doing this since 1933 or 34 when Social Security was created. And 1965 with Medicare and everyone who has paid into them and is eligible to collect from them has. So where's the Ponzi Scheme? Now if we don't reform them, people in my Generation X won't be able to collect from them because the money won't be there. And then Social Security and Medicare will indeed become Ponzi Schemes, but we are not there yet.
Just ask Governor Rick Perry of Texas who of course is running for President, who despite his faults (too many to name at this particular time) I still consider him the top contender to Mitt Romney for the GOP presidential nomination. And how the term Ponzi Scheme has helped him.
Medicare and Social Security have its issues, even Socialists are now acknowledging this. But we pay into both of them and have been doing this since 1933 or 34 when Social Security was created. And 1965 with Medicare and everyone who has paid into them and is eligible to collect from them has. So where's the Ponzi Scheme? Now if we don't reform them, people in my Generation X won't be able to collect from them because the money won't be there. And then Social Security and Medicare will indeed become Ponzi Schemes, but we are not there yet.
Just ask Governor Rick Perry of Texas who of course is running for President, who despite his faults (too many to name at this particular time) I still consider him the top contender to Mitt Romney for the GOP presidential nomination. And how the term Ponzi Scheme has helped him.
Going into September Governor Perry looked like the natural frontrunner and then of course he uses the term Ponzi Scheme to describe Social Security and Medicare. As well as calling then unconstitutional and his presidential campaign has plummeted ever since. Sort of like ratings for a Ku Klux Klan rally in Harlem and the KKK wondering why no one attended. Because senior citizens especially and others know better than Social Security and Medicare being some sort of Ponzi Schemes. Because they paid into them and now are collecting from them.
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