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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 chaostheory on Wednesday January 07, 2009 @05:47AM (#423281)
"a) Government borrows $4 trillion from the Chinese at 2% annually

Either way the government has to raise $4 trillion (plus interest) in taxes, borrow it, or print it to pay it off."

Sadly there's another option. the gov decides not to pay and basically asks for a declaration of war from China...

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Re:Social Security: The Biggest Ponzi Scheme on Earth (By Mi... by mattmaroon on Wednesday January 07, 2009 @10:52AM (#423530)
Which would cost far more than $4 trillion so is not really an option, if you assume it would mean war with China.
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