Mr. Perry, not only is it not a ponzi scheme, 30 YEAR OLDS ARE NOT CHILDREN!

[grahamhgreen]

“It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you’re paying into a program that’s going to be there. Anybody that’s for the status quo with Social Security today is involved with a monstrous lie to our kids, and it’s not right.” - Rick Perry, 9/7/ll

In fact, it is childish to think that 25 and 30 year olds are not old enough to know that Social Security is solvent for the next 25 years, and the only thing we need to do to make it solvent forever is to make people who make over $106,000 a year continue to pay into it.

Condescending language, for sure.








(PS for disclosure - I'm not in that age range)

[supraTruth]

1. No more of a ponzi scheme than any OTHER insurance. RAISE THE F-ing Payroll CAP NOW!

[dkf]

3. Actually SS isn't required to hold reserves like insurance companies.

[freshstart]

5. This is typical gop.

If they scare the "kids" that there will be no money left, they can get them to not want to contribute. In reality, they don't care one bit about what employees contribute.....my guess is they want to end what employers contribute.

Remember when employers matched funds to employee retirement accounts? Now, not so much.

These are the same people who cry about the deficit for the "kid's sake," when they are doing all they can to be sure there is no financial security for the "kids."

[flor-de-jasmim]

2. Our kids are always our "kids", no matter the age. But you're right - SS is not a ponzi scheme.

[Gman]

4. They can be 60 and I'm 85

but they're still our kids.

[JHB]

6. The notion that SS will be gone in ~10 years has been around since...

...the 1970s, and that's just my recollection. It may date from even earlier.

The biggest danger to SS is not structural but those who who actively want to get rid of it, either for ideological reasons or to cash in the fees from handling tens of millions of retirement accounts. Following right behind them are the people who go along with the agenda the first group is pushing, either as the path of least resistance or because they've internalized the propaganda.