Jump to content
[[Template core/front/custom/_customHeader is throwing an error. This theme may be out of date. Run the support tool in the AdminCP to restore the default theme.]]

SS exposed as a ponzi scheme


Bronco Billy
 Share

Recommended Posts

link

 

People retiring right now and living average lifespans will receive less in Social Security benefits than they paid in. This is the first time that this has happened. And that doesn't account for the loses based on time/value of money.

 

People who got in early and retired in say 1960 got benefits 7 times what they paid in. That's exactly the formula of a ponzi scheme.

 

And before you lefties deride and dismiss the source as being Fox News, notice that they are working off an analysis by the AP - hardly a bastion of conservative thought.

 

  • Like 1
Link to comment
Share on other sites

I'm certain that the HC system proposed by the current admin will not run into any problems with regard to the "savings" projections. Seriously, the govt. is usually dead on in their cost projections.

Link to comment
Share on other sites

This isn't a true apples/apples comparison. Social Security changed quite a bit over the years including more coverage and programs that weren't part of the original bill. Still, the negative return is troubling.

Link to comment
Share on other sites

Wow. We haven't known for years that with life spans expanding well beyond what they were when the bill was written? Yeah, we have. :shrug:

 

Doesn't change the fact it is quite simply one of the most successful program ever.

 

 

Does it change the fact that something must be done about it? Or is it OK to just continue to use it as a way to get votes? Great...it WAS a succesful program. Now it is not. It must be addressed.

Link to comment
Share on other sites

I plan to live to 100. That way I get more than I paid in (I hope).

 

 

Unless you're a white female, it ain't gonna happen, any of it.

Link to comment
Share on other sites

link

 

People retiring right now and living average lifespans will receive less in Social Security benefits than they paid in. This is the first time that this has happened. And that doesn't account for the loses based on time/value of money.

 

People who got in early and retired in say 1960 got benefits 7 times what they paid in. That's exactly the formula of a ponzi scheme.

 

And before you lefties deride and dismiss the source as being Fox News, notice that they are working off an analysis by the AP - hardly a bastion of conservative thought.

 

 

:rofl:

 

Just because the system worked well at one time, and not so much now, doesn't make it a ponzi scheme. In fact, your definition of he "exact formula of a ponzi scheme" is pretty much the definition of fiction.

 

A ponzi scheme benefits one group of people the most: those that STARTED the scheme. Please tell me how SS benefited FDR in 1935.

  • Like 1
Link to comment
Share on other sites

:rofl:

 

Just because the system worked well at one time, and not so much now, doesn't make it a ponzi scheme. In fact, your definition of he "exact formula of a ponzi scheme" is pretty much the definition of fiction.

 

A ponzi scheme benefits one group of people the most: those that STARTED the scheme. Please tell me how SS benefited FDR in 1935.

 

 

Precisely. It's isn't anywhere close to being a 'ponzi scheme' if you, ya know, actually use the definition.

 

It was written at a time when people worked longer and lived less in retirement. How is this news? And haven't solution been getting kicked around for years? I'm all for raising the age you collect and we'll probably have to means test it at some point. But it's fixable, it's just a matter of someone getting the balls to touch the 'third rail' or whatever they call it.

 

Now, cue the Faux talking points of socialism in 3, 2, 1...

Edited by Pope Flick
Link to comment
Share on other sites

I really think its more of a fonzi scheme. We just need him to double fist bang (insert fist bang joke here) the treasury and it will straighten everything out

  • Like 1
Link to comment
Share on other sites

Ponzi scheme. Noun:

 

A investment swindle in which returns are paid to investors from money paid by subsequent investors.

 

Looks like SS sure fits that. Multiple sources give an equivalent definition.

 

Sorry swammi

Edited by Bronco Billy
Link to comment
Share on other sites

Ponzi scheme. Noun:

 

A investment swindle in which returns are paid to investors from money paid by subsequent investors.

 

Looks like SS sure fits that. Multiple sources give an equivalent definition.

 

Sorry swammi

 

 

Except SS isn't an investment

  • Like 1
Link to comment
Share on other sites

Ponzi scheme. Noun:

 

A investment swindle in which returns are paid to investors from money paid by subsequent investors.

 

Looks like SS sure fits that. Multiple sources give an equivalent definition.

 

Sorry swammi

 

 

If that is your gripe, take it up with the corpse of the gipper.

Link to comment
Share on other sites

Can we just stop with the whole big bad gubment is "forcibly" taking everything away from me crybaby meme? You live in a representative democratic republic where you have elected representatives to determine what the role of government should be and how its citizens should pay for it. You hate the tyranny so much here go ahead and try live in some 3rd world country run by a dictator and then tell me how bad you got it.

 

:oldrolleyes:

  • Like 2
Link to comment
Share on other sites

Lol grunge. Read the Federalist Papers to see how limited the FedeRal government was intended to be and how that shaped the Constitution, and then compare that with the size and scope of government now.

 

But I do appreciate your open-mindedness and tolerance in deference to the opinions of others. Funny that the far right used to offer the same alternative to those they disagreed with.

Link to comment
Share on other sites

Can we just stop with the whole big bad gubment is "forcibly" taking everything away from me crybaby meme? You live in a representative democratic republic where you have elected representatives to determine what the role of government should be and how its citizens should pay for it. You hate the tyranny so much here go ahead and try live in some 3rd world country run by a dictator and then tell me how bad you got it.

 

:oldrolleyes:

 

 

Ya know, I've been saying the same thing to people who are up in arms about "poverty" and "starving children" in the US... It merely falls on deaf ears and they keep complaining about the same BS.

 

That being said... actually I have no clue what I'm talking about or even why I'm typing anything in here, really.

 

The other day my majestic basset hound was on the couch licking the flab of skin where his balls once resided. He really started getting in to it and then started kind gnawing on that area where the middle o his thigh connects with his belly. He was gnawing and gnawing, snorting, really getting into it. He rolled off the couch and landed with a thud. He stopped breifly and then went back to licking the flab of skin where his nuts were once housed.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information