It is time, and maybe past time for Governor Rick Perry to abandon the term "Ponzi Scheme" for describing Social Security. For one thing, it isn't, in as much as the Government can always tax its way out of the hole being dug. For another, it scares older Democrats, who think that Republicans are cruel, heartless people, who just want to create "death panels" to eliminate the elderly. But, the most important reason is that Nobel Laureate Paul Krugman used the term first. One should never wish to be associated with the ideas of New York Times Columnist Krugman.
It is Zero Hedge that provides the blog post on this, but they also provide a link to the original source.
Hat tip to the Instapundit.
Regards — Cliff
10 months ago