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Rick Perry Was Correct

NOT-SYBIL Wrote: Apr 26, 2012 3:37 PM

... and costly to maintain assets. Then... they got Congress to approve bank fashioned ("barons" owned the banks too of course) mortgaging... for 30 years. Such drained people so extesively from 1910 to 1929 that such was in part... due to gaming in the stock market to offset the exense of mortgaging... the cause of the Great Depression of 1929. This depression went on for 12 long yesr and was only halted due to WW2. Midway... Social Security was fashioned in 1935 to aid those that would continue to be victims of residential real estate mortgaging. The rest is history.

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Rick Perry Was Correct

When Texas Gov. Rick Perry, then in the early stages of his short-lived quest for the Republican presidential nomination, referred to Social Security as "a Ponzi scheme," he was excoriated by the press, left and right, and by his fellow Republicans, as well. Earlier this week, government actuaries revealed that Perry was correct.

That revelation, which was greeted with a ho-hum by the media, basically announced that by 2033, 21 years from now, the so-called Social Security trust fund will be empty. The only reason this was even announced is because we are approaching a presidential election campaign, and...

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