The ‘Ponzi' Sound Bite (Thomas Sowell)

Creators Syndicate ^ | September 20, 2011 | Thomas Sowell

[jazusamo]

Heck no I didn’t mind, that’s funny. I was going to post back and forgot after I discovered a second Sowell column was out and I posted it. I got real busy there for awhile. LOL!

That’s a good graphic of the Fonz, it’s funny and probably true on the first part and the Fonzi Scheme on the second part. LOL!

[rockinqsranch]

Thanks for the ping jaz. Dr. Sowell hits the nail on the head with this “gotcha” analogy, which is precisely what it is.

Should be miles of barrier tape interspersed with signage all about the perimeter of D.C. reading “CAUTION, PROFESSIONAL POLITICIANS AT WORK”, and another allowing the hazardous information relative to such activities.

[brytlea]

I’m sorry, I shouldn’t have been sarcastic. It wasn’t nice.
I never thought I would get SS (hubby and I have planned without it altho if Obama has his way none of us will have anything, so what does it matter, we had better just know how to live off the land if there’s any of that around!)

Here is the problem as I see it. It doesn’t seem right to make promises to anyone (and they did pay in all these years, the money was taken out whether they wanted it to be or not, there was not an opt out). And not all of them voted for the people who are responsible —well, as far as they knew, I suppose we could make the case that virtually all of the politicians are responsible in one way or another but most people were probably not aware of it.

So, it seems a moral case can be made to somehow phase in as best we can some sort of system in which we step it down. Obviously people who deserve it less will still get a share but there’s no way around it. I’d like to bring back the guys who started it to life just so we could do something really bad to them. I can’t imagine they didn’t understand it would never work. But I also am sure they knew they’d be safely dead when it imploded.