Posted by Tina
A Scheme With No Off Button, by Otis A. Glazebrook IV American Thinker
** Ever wonder why the New York Times can report on a Ponzi scheme in the private sector and be totally oblivious to the Ponzi scheme that the U.S. Government has been running right under the Gray Lady’s nose for seventy-five years? This hustle is called “Social Security.” *** In an article about the Bernie Madoff scandal and Ponzi schemes in general, Catherine Rampell makes it clear that she understands the basics. Her article is entitled “A Scheme With No Off Button”: “Mathematically speaking, Ponzi schemes are doomed. They work by bringing in new investors to pay off old ones. In pure form, there’s never any actual business activity; the money just rolls backward from ever-increasing numbers of investors to keep up the appearance of profits. This means the scheme requires an infinite supply of new suckers.” *** This is also an accurate description of Social Security — though no one at the Times seems to be aware of that fact. **
Social Security is MANDATORY…that means we’re still suckers but with a gun to our heads!