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Saturday, September 10, 2011

Rick Perry on the topic of Social Security as a Ponzi scheme

Do we want someone who thinks SS is a Ponzi scheme in any position to affect it? I sure don't!
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[Cartoon from http://blog.cagle.com/author/nate-beeler/]

























Perry’s Ponzi-Talk Implies Social Security Fraud
By David J. Lynch - Sep 8, 2011
[snipped]
Experts on both Ponzi schemes and Social Security say Perry is wrong. “Ponzi schemes are, by definition, fraud,” said Mitchell Zuckoff, author of “Ponzi’s Scheme: The True Story of a Financial Legend.”
“Social Security is above board,” he added. “We can argue about whether it’s a good system. But you can’t call it a fraud.”
[snipped]
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