"Baxter" wrote in message

wrote in :

On Sat, 14 Feb 2015 22:51:49 +0000 (UTC), Baxter
wrote:

Swingman wrote in
:

On 2/14/2015 7:40 AM, Keith Nuttle wrote:

The Social Security Insurance program in my
opinion was a very poor investment.

A Ponzi scheme, by any definition of the term.

By your definition, ALL insurance is a "Ponzi scheme".

Of course not. That's a wicked case of moral equivalence, you have
there.

SS is set up and works exactly the same as private insurance. Charges
of
"ponzi scheme" have been around almost since it's inception and are not
nor have they ever been true. "Ponzi scheme" is propaganda put out by
the
enemies of SS - mostly people that want to get their hands on that pool
of
money.

A Ponzi scheme is maintained - at least for a while - because the operator
pays out to those first in by using what is paid in by those who come
later. Exactly how does social security differ from that? The only
difference I can see is that if the feds don't take in enough money to
meet their committments they can just print more.

--

dadiOH
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