It may be a ponzi, but until a better solution presents itself....
The solution was proposed during the last administration. Allow workers to keep some of their own money and invest it in the actual private retirement markets, not letting the thieves in Washington keep stealing it.
... then we'll just let it destroy America's future, reducing our grandchildren into a life of poverty and ruin, because a nice man promised us Social Security one day during one of his fireside chats.
There has always been a better solution: Family and charity.
“It may be a ponzi, but until a better solution presents itself....’
Ask the Chileans about their government retirement system.
I that’s too exotic, talk to the people in Galveston, Texas.
Let people keep and invest their own money. Instead of getting a $700/month check from Social Security; the same 40 year amount of contributions would probably give that same person $3,000/month.
We would have a revolution in the streets if people understood this.
Don’t worry, Don. No one is talking about taking existing SS away.
“It may be a ponzi, but until a better solution presents itself....”
Seriously? Or is this sarcastic?
You want to participate in a Ponzi scheme until something better comes along?
Obviously, Perry is not proposing taking away Social Security for anyone.
He does, however, need to clarify his full position, and ideas on how to keep it solvent and transition to a better plan for those of us under 40 to 50 years old.
“It may be a ponzi, but until a better solution presents itself...”
There are no doubt many soultions, but here’s one: just stop. I’ll take care of my own retirement, thank you very much. That’s the way it was before the 1930s, and unlike what we’re taught we can go back to the bad old days. We just don’t wanna.
Now, I realize this is an entirely impractical suggestion, would cause a lot of problems—not so much from poor old people dying but moreso from Euro-style mob violence—sounds nutty, and furthermore will never, ever, never, ever, never happen. I’m only saying better solutions have presented themselves. No SS is better than having an SS, even if no one likes it.
As in the final solution? Maddoff screwed a bunch of Jewish institutions, by the way.
Again, it’s worse than a ponzi scheme, it is a scheme to divide the nation between working tax payers and people expecting those tax payers to make up for the fraud. It is a government hostaging crisis.
Perry is very mellow about it.