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To: Balding_Eagle
in what is emerging as the largest Ponzi scheme in history.
- What? Someone is finally unraveling Social Security?

No. Social Security is not a Ponzi scheme or pyramid scheme... it's a Pay-as-you-go scheme, and it's legal because it's run by government.

27 posted on 12/14/2008 3:02:39 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

You are kidding aren’t you?


28 posted on 12/14/2008 3:04:04 PM PST by mortal19440
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To: CutePuppy
No. Social Security is not a Ponzi scheme or pyramid scheme... it's a Pay-as-you-go scheme, and it's legal because it's run by government.

It's a government run Ponzi scheme. The earliest participants enjoyed a large benefit from a large and growing base of "contributors". They took far more than they "contributed". We're reaching the end of the party as the ratio of "contributors to beneficiaries" winds down from 10:1 at the start to 1:1 around 2018. Game over.

The end is coming sooner as the politicians have been spending all the money "contributed" in excess of the ongoing obligations. That slush fund will be gone very shortly.

63 posted on 12/14/2008 5:01:55 PM PST by Myrddin
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To: CutePuppy
it's a Pay-as-you-go scheme,

But, but, but,.................the Lockbox,..........what about the Lockbox?

Say it isn't so!

81 posted on 12/15/2008 7:50:09 AM PST by Balding_Eagle (Overproduction;, one of the five top worries of the American farmer.)
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