Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster.
Frank, an advocate of legalizing prostitution and online gambling, has been taking money from offshore gaming company Full Tilt Poker (FTP) that the Justice Department now says is just a Ponzi scheme.
The so-called "debates" among Republican presidential aspirants are classic examples of the media spreading misunderstanding instead of enlightenment. The ancient admonition, "With all you're getting, get understanding" has been replaced in the media by, "With all you're getting, get sound bites -- and, if possible, 'gotcha' sound bites."
During the recent GOP presidential debate, Texas Gov. Rick Perry said that Social Security is a "monstrous lie" and a "Ponzi scheme." More and more people are coming to see that Social Security is a Ponzi scheme, but is it a lie, as well? Let's look at it.
Many in the media and in politics have gone ballistic over the fact that Texas Governor Rick Perry called Social Security "a Ponzi scheme."