Posted on 09/13/2011 9:11:10 PM PDT by Squeeky
It is one thing (what thing that is we are not sure, but we have heard others say it, so like all good lemmings we will say it too) for Rick Perry to call Social Security a ponzi scheme. After all he is some crazy, foaming in the mouth conservative, as uber-Keynesian liberal Paul Krugman may call him. And that's fine. What confuses us, however, is why Social Security would be called a ponzi by the same liberal noted previously: none other than Paul Krugman himself.
Exhibit A, from a distant 1997, which perhaps one would have expected to remain buried (source):
Social Security is structured from the point of view of the recipients as if it were an ordinary retirement plan: what you get out depends on what you put in. So it does not look like a redistributionist scheme. In practice it has turned out to be strongly redistributionist, but only because of its Ponzi game aspect, in which each generation takes more out than it put in. Well, the Ponzi game will soon be over, thanks to changing demographics, so that the typical recipient henceforth will get only about as much as he or she put in (and today's young may well get less than they put in).
(Excerpt) Read more at zerohedge.com ...
take THAT haters!
Listen, if it walks like a Ponzi Scheme, and it quacks like a Ponzi Scheme, its a Ponzi Scheme.
Maybe the people from FOXNews will read this and really embarrass Krugman.
Somebody get that quote to the Perry campaign STAT!
He was also a consultant for Enron.
To feel embarrassment, one needs morality in greater quantity than is found in a paramecium.
Oh, I bet somebody from here has already woke Perry up to tell him the news. Just wait for the next debate and the TV shows Perry goes on. He is going to run this up some Liberal Rear Ends SIDEWAYS!!!
Tee Hee! Tee Hee!
Bump
Perry should now reconsider his comment. It won’t look good for him when people discover that he and Paul Krugman are on the same page.
Oh my, another commiecrat having an ‘oh ****’ moment...
I can just hear how Perry will say this:
“Well, I cain’t be entarly wrong cause theres this Nobel winnin’ Economist fella up there in New York who says thuh same thang that I have -—Paul Klupman, or somethin’ like that. He writes fer one of them newspapers up there -—The New Yawk Times, or something like that.”
Ponzi scheme, is it? I thought we put operators of Ponzi schemes in jail ...
But he’s won a Noble prize or is the Noble committee just a political body?
And Ponzi schemes are voluntary. What do we do with people who force them on us?
But he’s won a Noble prize or is the Noble committee just a political body?
ANY money paid to ANY governmental entity (ranging from the local level to the top federal level) is a TAX if it is mandatory or coerced.
That includes all fees, licenses, permits etc. in which a free citizen has to pay any money what-so-ever to be able to perform a function or to enjoy a liberty.
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