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A comment on Social Security: The Biggest Ponzi Scheme on Earth (By Milton Friedman). Parent comment

Re:Social Security: The Biggest Ponzi Scheme on Earth (By Mi... by tptacek on Monday January 05, 2009 @01:45PM (#420853)
That's not true. The OMB's own figures put Social Security at 20%, and Social Security is funded by a dedicated tax. Medicare is a much bigger problem.

Budget comparisons are also subject to both chicanery (playing around with what you consider a defense expenditure) and bias (Social Security is the largest monolithic expenditure in the budget, just like MadMenSeries2.mp4s.zip is the biggest single file on my filesystem, but a small fraction of what I'm spending my disk on).

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Re:Social Security: The Biggest Ponzi Scheme on Earth (By Mi... by dantheman on Monday January 05, 2009 @02:57PM (#420980)
I will admit that the numbers can be juggled around quite a bit; but from most charts SS is 20% & medicare/medicate/etc are about 40% dod is about 20..

the fact that SS is funded by a dedicated tax doesn't have any relevance.

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