To: FreeReign
>It’s part annuity and part Ponzi scheme.
There’s no principle. It’s pure Ponzi scheme.
304 posted on
01/02/2011 3:21:26 PM PST by
drbuzzard
(different league)
To: drbuzzard
"There’s no principle. It’s pure Ponzi scheme"
It's only a Ponzi scheme if you assume it's an annuity. With no principle, it's only a transfer payment from those working now and a debt for those working in the future.
It's a welfare program for everyone.
309 posted on
01/02/2011 3:27:01 PM PST by
Mariner
(USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
To: drbuzzard
It’s part annuity and part Ponzi scheme. There’s no principle. It’s pure Ponzi scheme.
You are confusing your terms and missing the point.
Have a good night.
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