Talk of The Villages Florida - View Single Post - Chris Matthews admits Social Security IS a Ponzi Scheme.
Thread: Chris Matthews admits Social Security IS a Ponzi Scheme.
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Old 09-14-2011, 10:29 AM
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Originally Posted by djplong View Post
Except that it's not ending in the classic Ponzi scheme ending - the "few who got in first" (the Bernie Madoffs of the world) are not escaping with all the money.

Estimates are that, after the SSA cashes in all it's T-Bills, they'll still have enough money to pay 76% of the benefits they should be paying.
Well, that's not exactly true. It's not ending with the top people getting all the money, because they keep pumping more of the people's money into into again and again. That's why it's such an enormous part of the budget when it wasn't always so.