View Poll Results: Is Social Security a Ponzi Scheme?

Voters
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  • Yes - absolutely

    41 42.71%
  • Yes - it's more-or-less the same as

    35 36.46%
  • No - but it's pretty close

    5 5.21%
  • No - not even close

    24 25.00%
  • Social Security is safe and secure, please stop scaring people.

    14 14.58%
  • This is a crummy question with no relevance.

    1 1.04%
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Thread: Is Social Security a Ponzi Scheme?

  1. #101
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by Aunt Spiker View Post
    You got through 90% of your post sounding reasonable and then you spilled into this political 'tea bagger' crap at the end.
    My Tea Bagger crap is an actual experience we had so I posted, ďThe Tea Bagger we met with the $90,000 medical bill for his heart attack would not have burdened his family, you and us, if the law allowed the hospital where his wife works to refuse to accept him.Ē Let me repeat a post of mine, ďA Tea Party family was at the demonstration, father, mother and one 10 year old son; two more at home. My wife and I chatted with them. The father is a vet that started serving just after the Viet War ended. He was disposing of Agent Orange; which in our opinion may have been the source of his health problems. He had a heart attack about 6 months earlier. Went to the hospital where his wife works as a low level employee. What she said she did only pays low wages. They canít afford the extra for family health insurance, she was the only one insured since that canít be refused for more pay. His bill was about $90,000. Her wages were garnished by the hospital; itís only a small garnishment so it will take a very long time to pay it off. Again, they were there with a Donít Tread On Me flag and more.Ē I donít find this to be crap, I find it asking, demonstrating, for one thing; but, needing, expecting and getting another. And it seems to me to match many posters in this thread.

  2. #102
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by GreenvilleGrows View Post
    Yes? No? Why?
    the big difference between Social Security and a Ponzi scheme is... your own greed pushes you to choose to be in a Ponzi scheme. we are forced into social security.

  3. #103
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by OhIsee.Then View Post
    My Tea Bagger crap is an actual experience we had so I posted, “The Tea Bagger we met with the $90,000 medical bill for his heart attack would not have burdened his family, you and us, if the law allowed the hospital where his wife works to refuse to accept him.” Let me repeat a post of mine, “A Tea Party family was at the demonstration, father, mother and one 10 year old son; two more at home. My wife and I chatted with them. The father is a vet that started serving just after the Viet War ended. He was disposing of Agent Orange; which in our opinion may have been the source of his health problems. He had a heart attack about 6 months earlier. Went to the hospital where his wife works as a low level employee. What she said she did only pays low wages. They can’t afford the extra for family health insurance, she was the only one insured since that can’t be refused for more pay. His bill was about $90,000. Her wages were garnished by the hospital; it’s only a small garnishment so it will take a very long time to pay it off. Again, they were there with a Don’t Tread On Me flag and more.” I don’t find this to be crap, I find it asking, demonstrating, for one thing; but, needing, expecting and getting another. And it seems to me to match many posters in this thread.
    Agree, even more than 100%.
    I would have written the same...
    And, with the tea baggers, I am most unpopular...
    Things can be greatly improved, the progressive can do this, the conservatives only serve to retard, if not stop..
    Also strange (to me) that ,apparently, no tea baggers are on the Democratic side ....

  4. #104
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by OhIsee.Then View Post
    My Tea Bagger crap is an actual experience we had so I posted, “The Tea Bagger we met with the $90,000 medical bill for his heart attack would not have burdened his family, you and us, if the law allowed the hospital where his wife works to refuse to accept him.” Let me repeat a post of mine, “A Tea Party family was at the demonstration, father, mother and one 10 year old son; two more at home. My wife and I chatted with them. The father is a vet that started serving just after the Viet War ended. He was disposing of Agent Orange; which in our opinion may have been the source of his health problems. He had a heart attack about 6 months earlier. Went to the hospital where his wife works as a low level employee. What she said she did only pays low wages. They can’t afford the extra for family health insurance, she was the only one insured since that can’t be refused for more pay. His bill was about $90,000. Her wages were garnished by the hospital; it’s only a small garnishment so it will take a very long time to pay it off. Again, they were there with a Don’t Tread On Me flag and more.” I don’t find this to be crap, I find it asking, demonstrating, for one thing; but, needing, expecting and getting another. And it seems to me to match many posters in this thread.
    I will admit I don't understand this post. You are complaining that these people were protesting against a system that would have benefited them personally?

  5. #105
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by earthworm View Post
    Also strange (to me) that ,apparently, no tea baggers are on the Democratic side ....
    Disgruntled Democrats Join the Tea Party

  6. #106
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by cpwill View Post
    the big difference between Social Security and a Ponzi scheme is... your own greed pushes you to choose to be in a Ponzi scheme. we are forced into social security.
    Being "forced", similar to a two year old being forced to save for his old age..
    Social Security would have never been necessary if American so-called adults did not act like two-year olds, in dealing with money/economics...Note that we do have societies within our society who apparently need little or nothing from their government...But, not all of us can be this way...

  7. #107
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by cpwill View Post
    I have read and learned...
    Still I feel that our progression on many fronts is far too slow...
    How many years must we lag behind our nation to the north ???

  8. #108
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by earthworm View Post
    Being "forced", similar to a two year old being forced to save for his old age..
    except that social security does not represent "saving for ones' old age".

    now, if we were to put in place privately owned accounts so that our lower income workers could retire financially independent, then you would be correct. But in general our political left reacts to that notion like this guy:




    as it is, Social Security payments in no way represent "saving for ones future" for two reasons:

    1. the money isn't being saved
    2. the program as it currently stands has less future than I do

  9. #109
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by earthworm View Post
    I have read and learned...
    Still I feel that our progression on many fronts is far too slow...
    How many years must we lag behind our nation to the north ???
    at least as long as they continue to have a freer market than us.

    what!?! a freer market than the United States?!? say it ain't so!!!



    if you think we lag Canada in some areas, I agree; it is long past time that we lowered our corporate tax rate to at least 16.5% (and taxed territorially, as well).

  10. #110
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    Re: Is Social Security a Ponzi Scheme?

    As per the OP:

    people who have described Social Security as a Ponzi Scheme include

    Nobel Prize Winning Liberal Economist Giant Paul Samuelson who called it "the greatest Ponzi scheme ever devised". the argument (put forth by more than a couple of left-wing Social Security Supporters) was that the constantly growing economy, and continued high birthrate made Social Security a "sustainable" ponzi scheme from which we would always be able to wring more money.

    woops, looks like the baby boomers didn't have enough kids.

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