Monday, November 29, 2010

Why we worry

The U.S. budget isn't at the brink yet. But you can see it from here.
Social Security is in effect a giant Ponzi scheme. Today’s contributions are used to pay beneficiaries who contributed yesterday, and the surplus of current contributions is “lent” to the federal government and used for general spending.
The people with money are the people who are most worried.
The people who exist to give taxpayer money to other people ought to be worried. Their way of doing business won't work.

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