"Steven P. McNicoll" <roncachamp@[EMAIL PROTECTED]
> wrote in
news:34OdnR-L_Ipr0_TVnZ2dnUVZ_tLinZ2d@[EMAIL PROTECTED]
> Mike wrote:
>>
>> For a self-described economic expert, you sure have some weak points.
>>
>> First, Obama said no such thing. Next, SS can't possibly be "gone"
>> because you will always have people paying into the system. The only
>> thing that has a potential to be "gone" is the SS trust fund, which
>> was a bad idea given to us by Reagan in the first place. Even if the
>> SS trust fund is "gone", FICA will still cover at least 75% of SS
>> payouts, even if all the doom-and-gloom predictions about SS come
>> true decades from now.
>
> Actually, SS was a bad idea given to us by FDR in the first place.
>
>
You got that right!
Trace the cash flow under SS.
Then go to the federal criminal statutes and look at the cash flow as
described for a Ponzi (pyramid) scheme.
You won't find any difference. And SS is floundering for the same reason
a Ponzi scheme eventually goes Tango Uniform.
