ABC – John Stossel – Government’s Ponzi Scheme Posted on September 12, 2015 by libcadminFebruary 3, 2016 QueenlySweetpea 11 months ago Why doesn’t the American public demand an iquiery into that missing 3 trillion that dick cheyny announced is missing ?? We want accountability NOW!! Flynn88MN 1 year ago Free MArket Democracy? Didn’t he mean free market republic? TacWaffles 1 year ago @Greg London: Are you aware of a term called “inflation”? Because we are losing money due to inflation. jbezohm 3 years ago in reply to 1Archie11 The only issue with that comparison is that SS isn’t set up like an insurance company in terms of incentives and budget/terms control. First off their service is forcibly coerced upon every member of our country, with no legal competition. Meaning they have little incentive to improve their service or reduce costs in any way (artificial demand). Second, insurance companies adjust their terms and rates based on actuarial research to prevent loss and also control their surplus, SS can’t do either C Warren 2 years ago This will be the first time I’ve disagreed with Stossel but Paul Ryan’s budget won’t do diddly to reduce the deficit . XCritonX 5 years ago After the hockey stick incident I didn’t like graphs. But these were spot on. Dont turn America into Europe. With out a productive America to protect Europe and create 90% of the worlds innovation we will all suffer. Vote4RonPaulLiberty 3 years ago First of all Social Security was never meant to supply people with money to live on it was a SUPPLEMENT only! Secondly, the government has already looted it. That same government is now being asked to continue controlling YOUR money? This actually makes sense to some of you? Really? Those who have already paid during their working lifetime should continue to receive it but we need to wean ourselves from it after that. SquashDog01 4 years ago in reply to HoGraz @HoGraz Free markets? as in free trade? As in lack of government oversite? As in lack of trade barriers such as tarifs? how does that make sense? How does unfettered, unregulated markets have anything to do with war? go back to the leftest rock you crawled out from under. and Trillions requires more than 1. 1.5 doesn’t mean trillions. its 1.5 TRILLION. Learn 2 English. Greg London 2 years ago SS and all other entitlements, even healthcare isn’t a ponzi scheme. If you know that the federal government can print money (it’s the issuer of it’s own currency and not an individual household) to infinity based on a percentage of GDP, they definitely will not let these entitlements go unfunded in the future. If you’re still skeptical about my comment, take a look at Japan. Look how much money they’ve printed as a percentage of GDP. We are nowhere near that yet. juliachan1987 2 years ago Congress doesn’t want to raise taxes, but Americans want their entitlements and will protest any cuts. Yep, pretty much the whole system is going to collapse. Might as well ask the Federal Reserve to print more money since its the only option they have. In fact, they are already doing it Classical Libertarianism 2 years ago Government should have to pay employer payroll tax. darris321 3 years ago I like how they say “It’s not a ponzi scheme because everyone pays” uh… that doesn’t disqualify ponzi scheme lol MrRossT1 2 years ago in reply to sdfkjllshadflhadfshl Politics doesn’t pay enough! :D Madoff had the right idea! The private sector! :D Henry Hazlitt 2 years ago Government does a really good job at making everything suck Tigerfire75 2 years ago The Government lied from the begining about Social Security. They called it insurance to sell it to American citizens. In reality it was a tax and you aren’t entitled to it. They admitted it in a case before the Supreme court. Of course they called it a insurance plan even after it. Dabba23 5 years ago in reply to James Daggs @ballajd Yet he voted for the bailout. He makes it seem like he’s a true conservative, but one must look at his voting record before deciding that. wayne johnson 2 years ago its paul ryans mate george spent a lot of our money wars Greg Belcher 5 years ago Every individual’s share of the total debt right now is $500,000.00, this moment… yes, all 308 million of US. MrJamesdegouveia 5 years ago I just wont have children. Because what is the solution??? It is unfortunate that even the majority of the public will not vote the latter, but we should keep trying.