Posted by
Always To The Right on Wednesday, December 31, 2008 5:26:45 PM
Dr. Walter E. Williams:
"Social Security is a ponzi scheme identical to Madoff's. Rather than
generate wealth through productive investments, both schemes transfer
wealth from newer investors to older investors."
What's the world's biggest Ponzi scheme? No, it's not Madoff. It's the Social Security fund: big payouts, no reserves.