The Daily Caller has a good discussion on Social Security as a Ponzi scheme. Here are a couple of quotes:
“It is a Ponzi scheme for these young people,” [Rick] Perry said. “The idea that they’re working and paying into Social Security today, that the current program is going to be there for them, is a lie. It is a monstrous lie on this generation, and we can’t do that to them.”
Jeff Berkowitz, a communications consultant and former research director at the Republican National Committee, said statements like Perry’s — accurate though they may be — rub Americans the wrong way because they call that guarantee into question.
“The reason it’s so controversial is because it’s so exactly true,” Berkowitz said. “The more you expose the uncertainty, the more people become concerned about the safety of their investment.”
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