Fixing Social Security / Saving Social Security Ponzi Scheme

Web definitions for Ponzi scheme
A fraudulent scheme. It is a specific form of pyramiding in which money paid by later investors or contributors is used to pay inflated returns to earlier investors — until the funds dry up because no more contributors can be found BACK TO TOP

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... If they only tinker with the edges of both Social Security reform and tax reform ... a retirement savings plan and his Colleague Gene Sperling on CSPAN was recently ...

Saving Social Security
Saving Social Security A Balanced Approach Peter A. Diamond and Peter R. Orszag Brookings Institution Press

Michael Tanner Social Security Matters:
Michael Tanner. Director of Health and Welfare Studies. Michael ... Business. (June 18, 2001) [Real Media]. Published Works by Michael Tanner. Books. ...
http://www.cato.org/people/tanner.html

Security Whistle-Blowers Pay a Heavy Price
Security Whistle-Blowers Pay a Heavy Price Wes Vernon, NewsMax.com Saturday, June 1, 2002. WASHINGTON – Hounding security-conscious ...

Social Security Administration to promote Bush agenda | Democrats. ...
... Social Security Administration to promote Bush agenda. ... Sweet, huh? Social Security Ends Up Pushing Own Makeover By ROBERT PEAR. WASHINGTON, Jan. ...
http://blog.democrats.com/node/2608

Look Up Social Security #
Search for Anyone's Social Security
& Public Records Online! aff.
http://www.Pro-Detective.com

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Social Security Act §1927
Compilation of the Social Security Laws. ... under section 506 of the Federal Food, Drug,
and Cosmetic Act. ... or product for which a National Drug Code number is not ...

Results 1 - 10 of about 888,000 for Social Security Act Number Not to Be Used As Indication

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Social Security Ponzi Scheme
Naked Truth (PNEWS) Portal - Social Security Ponzi Scheme
... Blackhills Jewelry follow this image. Social Security Ponzi Scheme Posted on Monday, December 13 @ 05:39:34 CST Topic: dumb. dumbFrom ...
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The Social Security Ponzi Scheme Paradox
By Erik Chavez
Published: Thursday, October 14, 2004
http://www.chibus.com/news/2004/10/14/Perspectives/The-Social.Security.Ponzi.Scheme.Paradox-754139.shtml

Faced with the inevitable financial failure of social security, one would expect Presidential candidate John Kerry and President George Bush to address this topic with more emphasis than they have done to date. Most economists, including Alan Greenspan, argue for major reform for the program before it becomes unsustainable. Greenspan has said, "If we have promised more than our economy has the ability to deliver, as I fear we may have, we must recalibrate our public programs so that pending retirees have time to adjust through other channels. If we delay, the adjustments could be abrupt and painful."

It is possible to push back the inevitable failure with adjustments to the current system. The two adjustments most often discussed are increasing the age of retirement and reducing the annual inflation adjustments, which are tied to the CPI. However, both of these actions are analogous to a finger in the hole of a dike. Social security is not facing financial ruin because the baby boomers are coming of retirement age. It is failing because the structure of the plan more closely resembles a ponzi game than it does insurance. That is, it relies on the payments of young workers, new to the system, to pay for the benefits of retired workers. As birth rates decline, the value of payments surpasses the amount collected through taxes - the perfect recipe for ruin, which many countries with similar pension plans will face in the not so distant future.

The major reason social security will fail is that it attempts to provide a free lunch and as all the Chicago thinkers know, "there is no free lunch." This program is F.U.B.A.R. It is time that we turn off the power and begin to dismantle the third rail because the perverse incentives and mismanagement of wealth that it creates does a huge disservice to society. It is time we demand that our President and our Congress address this issue. The only possibility of ever dismantling this program is to have a lame duck president with a majority Congress of the same party.
Continued...
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Social Security: Ponzi Path to Dystopia, Executive Summary
... Social Security: The Ponzi Path to Dystopia. David Simcox *. ... See the complete essay, Social Security: The Ponzi Path to Dystopia, on the MFS Website here. ...
http://www.mnforsustain.org/social_security_dystopia_exsum_simcox_d.htm

Web definitions for Ponzi scheme
A fraudulent scheme. It is a specific form of pyramiding in which money paid by later investors or contributors is used to pay inflated returns to earlier investors — until the funds dry up because no more contributors can be found BACK TO TOP

In Ponzi We Trust
... This kind of swindle, borrowing from Peter to pay Paul, is also known
as a pyramid scheme or — since 1920 — a Ponzi scheme. ...
http://www.smithsonianmag.si.edu/smithsonian/issues98/dec98/ponzi.html