From 575 Magazine - Ever been to marriage counseling and said to the counselor that you, yourself, do not intend to change your behavior at all? That you insist the other person must be the one to change because you are not changing? How did that work out for your marriage? No one is changing in the debate about our national debt. Take the case of social security. For forty years social security has been a Ponzi scheme with no money being saved. Everyone in the media, in Congress and most everyone else know this. We have no right to look surprised because we knew it was happening. All money collected for Social Security is spent in the year it is collected and an IOU is issued that says: "When Michael reaches the time when he is due any Social Security benefits tax the citizens of that year for his benefits because we did not save any of his contributions." In every Ponzi scheme initially people get money. Then at some point the money runs out. Welcome to 2011. Now it is time for the recriminations. At some point the geezers and geezerettes are just out of luck since they ignored for 40 years the scam that Congress was running.
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No pity for citizens who ignored Social Security facts
From 575 Magazine - Ever been to marriage counseling and said to the counselor that you, yourself, do not intend to change your behavior at all? That you insist the other person must be the one to change because you are not changing? How did that work out for your marriage? No one is changing in the debate about our national debt. Take the case of social security. For forty years social security has been a Ponzi scheme with no money being saved. Everyone in the media, in Congress and most everyone else know this. We have no right to look surprised because we knew it was happening. All money collected for Social Security is spent in the year it is collected and an IOU is issued that says: "When Michael reaches the time when he is due any Social Security benefits tax the citizens of that year for his benefits because we did not save any of his contributions." In every Ponzi scheme initially people get money. Then at some point the money runs out. Welcome to 2011. Now it is time for the recriminations. At some point the geezers and geezerettes are just out of luck since they ignored for 40 years the scam that Congress was running. read column
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