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egbertowillies

(4,058 posts)
Tue Apr 4, 2017, 09:51 AM Apr 2017

Resurrecting Another Big Lie: The Myth of Social Security as Ponzi Scheme

by Bernard Weisberger

In these pestilent, perilous times, when the very idea of distinction between truth and falsehood is under siege, it’s more critical than ever to keep a sharp lookout for destructive false analogies. Without an anchor in provable fact it’s dangerously easy to get taken in by them. So I am particularly exasperated by a sample dished up by scaremongers, namely that the Social Security program, our rock of security and stability for an aging population for the last 80 years, is a Ponzi scheme — a swindle designed to cheat Americans out of their money with false promises.

https://egbertowillies.com/2017/04/04/another-big-lie-myth-social-security/

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Resurrecting Another Big Lie: The Myth of Social Security as Ponzi Scheme (Original Post) egbertowillies Apr 2017 OP
Its no more a Ponzi scheme than auto insurance, homeowners insurance, or health insurance bhikkhu Apr 2017 #1

bhikkhu

(10,717 posts)
1. Its no more a Ponzi scheme than auto insurance, homeowners insurance, or health insurance
Tue Apr 4, 2017, 10:39 AM
Apr 2017

everyone pays in and the payouts are more or less predictable. A decrease in the growth of the working population vs retired population was projected and adjusted for back in the 80's. A further adjustment should be done soon, due to people living longer in retirement and a further decrease in the growth of working population, but its not unexpected, insurance rates are adjusted all the time to account for changing conditions.

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