Re:Social Security: The Biggest Ponzi Scheme on Earth (By Mi...
by tptacek on Monday January 05, 2009 @09:52AM
(#420489)
Again: that's not what the words "ponzi scheme" means. You could be arguing that "if benefits exceed contributions, you have a budget deficit", but that wouldn't be as emotionally manipulative, and it would also be boring.
Social Security taxes as a percentage of income were raised sharply in the '80s precisely because the baby boomers hadn't retired.
Social Security taxes as a percentage of income were raised sharply in the '80s precisely because the baby boomers hadn't retired.