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Metropolitan DC Local Politics
Reply to "States' fiscal condition"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The federal government treats social security like a piggy bank too. All governments are corrupt and run a Ponzi scheme like Bernie Madoff. If you depend on them for your livelihood that's your stupid decision.[/quote] You don't know what you're talking about. You are literally ignorant on this topic so let me educate you. Social Security now pays more in benefits than it takes in. That means that they have to sell the bonds they've purchased to pay for benefits. [/quote] That's a Ponzi scheme. The money was supposed to be saved and invested in bonds. Instead it was mixed into the general funds and spent. Now current workers (investors) pay the benefits to the prior investors instead of having their money saved and invested. That is a pure Ponzi scheme. You are the one that needs educating.[/quote]
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