In the private sector, such schemes are considered criminal. How much more criminal is it for the government to continually subjugate present and future working Americans by fleecing them in this manner?
And that pretty much sums up FDR's Ponzi scheme in a nutshell.
And, interestingly, George Bush wants to "fix" this Ponzi scheme, rather than shutting it down and prosecuting for conspiracy anybody who advocates such fraud and theft.
Bush's SS plan is not about taking away benefits for older people. Look carefully at the numbers: For those who are older, your benefits stay the same. Those who are inbetween, your benefits will lessen but the money you invest in private accounts will more than make up for the loss in benefits. For those of us who are younger, SS will only be what it should be: a minimal safety net for the disabled and those who made bad financial decisions.
Older and younger shouldn't be fighting on this. We should both be rising up against the politicians who are sticking their hands in our cookie jar and protect it from them.
I think a lot of the resistance to making changes in Social Security is because if we don't recognize it yet then it's like the crime has not happened yet.
Politicians have been raiding SS fund for a looong time
it was these theives that put SS in jeapordy in the first place...
As far as I am concerned, there are more than a few current and former members of Congress that I would love to see dancing at the end of a gibbet.
"It could probably be shown with facts and figures, that there is no distinctly native American criminal element, excepting Congress" - Mark Twain.
regards,