A Ponzi Scheme
Published: October 3rd, 2011
By: Tom Morgan

A Ponzi scheme

Governor Perry dared to blurt that the Emperor is strutting around in the buff. The gov had the audacity to suggest our Social Security system is a Ponzi scheme.

His opponents pounced on this. They erupted with promises to protect Social Security from evil leaders like Perry. Even his friends chided him for making such an inflammatory proclamation. It would be better, they said, to talk about how we can save and strengthen Social Security.

What is the matter with us? So many Americans are like those folks in the fairy tale who were afraid to say the Emperor was gaga. Not to mention buck naked.

Of course Social Security is a Ponzi scheme! I know, I know, you don’t want it to be. You don’t want to hear that payments down the road will have to be cut. You don’t want to hear that you will have to pay more taxes to keep it going. You don’t want to hear a hurricane is on the way either. You don’t want to hear children are starving. You prefer not to hear your favorite star fondles little boys. You don’t want to hear there is a blight on your tomato plants.

Tough!  Reality ain’t always pretty. These things simply ARE. And Social Security IS a Ponzi scheme.

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