So...it's a Ponzi scheme but Perry thinks it's a good Ponzi scheme? And people are supposed to believe that?
It’s pointless trying to talk to you.
Stop playing lame political games. You know damn well the intent is to honor financial promises to people too old to go back to work and transition to a system that would work for everyone else of a younger age. That has been the conservative position for a long time well before his book was even written.
IF you think of it like Madoff’s ponzi scheme, it will make sense. It was bad of Madoff to run an “investment” that was actually a Ponzi scheme. But his investors were duped — it isn’t their fault they invested.
So to the degree possible, we try to get the money Madoff stole back, and return it to the investor who lost money.
In this case, it is much more serious than investors who were putting up their excess for big returns. Social Security, sad fact though it is, is the only money for a lot of seniors. And the crook who ran the ponzi scheme is our own government.
SO yes, we are going to make the government live up to it’s promises, at least for those who are so close to retirement that they really can’t recover from the failure of social security.
Every plan to make SS solvent does that — sets a cutoff age where people will be held harmless, and then for the rest, tries to offer changes that still let them get back some of what they paid in, while keeping it from bankruptcy.
And if the democrats threaten that SS checks will stop, they are absolutely right — if we do nothing, the checks will stop, because we will go broke.