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View Diary: WI-Sen: Social Security is a Ponzi Scheme (166 comments)

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    NealB, Calamity Jean

    Is a Ponzi scheme, but Social Security isn't.  Social Security's revenues aren't invested in fly-by-night, get rich quick scams.  They're used to pay benefits of current retirees.  Future revenues pay the benefits of future retirees.  How a system that works and has worked flawlessly since 1935 is suddenly a Ponzi scheme is beyond ridiculous.  It's a testament to the ability of ideologues to create and live in their own absurd fantasy world.

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