Reem With A View

"Names and attributes must be accommodated to the essence of things, and not the essence to the names, since things come first and names afterwards." – Galileo

Is the US Social Security system the world’s largest PONZI scheme?

I think this cartoon below by Gary Varvel published in the is worth a million words if not a lot of thought.


Basically in the Social Security method, American which have retired  enjoy beneifts which are paid for by the Americans working today and today’s Americans by tomorrows generation. The problem is the you can’t forecast of Americans of tomorrow will inherit the same economy as today. This is nothing but a giant PONZI scheme. Except its much SIMPLER than the complicated Madoff scandal, and is so blatantly obvious that people miss it.


Filed under: News, Business & Current Affairs, , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: