Capital Commerce

Ron Paul: Social Security is a Ponzi Scheme

By James Pethokoukis

Posted: December 29, 2008

Ron Paul, via his website:

The government itself runs a fraud much bigger than Madoff’s. Our Social Security system is the very definition of a Ponzi, or pyramid scheme. If the government truly had an interest in protecting people’s savings, they would allow people to opt out of Social Security altogether. We would cut wasteful spending, such as our overseas empire, to honor current obligations to seniors, and eventually phase the program out. Instead, as with Enron and Sarbanes Oxley, I expect new, unrelated legislation to be proposed that further damages freedom in the name of protecting us, amidst loud proclamations that they have made the world safe.

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Unitquestion of @ Dec 14, 2009 02:59:47 AM

RON PAUL TOLD YOU SO!!

Some day in the future (as usual), we will all look back at what Ron Paul said about Social Security and just about everything else and say, "That guy was right and he was our only real hope!"

All the people who voted for McCain only to watch him lose so miserably will say, "I should have voted my conscience and voted for Ron Paul! We knew that he had it figured out and that we would regret our choices in the future."

All the people who voted for Obama are going to regret their vote too when they find out that their messiah is not all that they thought he would be, and that more government is not the answer.

It never fails; some of us have enough sense to see through the BIG LIE, while the majority make the same mistake over and over again. The economy can not be fixed by spending more money that we don't even have! The same is true about Social Security, as Ron Paul has stated for the last 30 years.

The only real solution to our economic woes is not an option anymore. The only real solution was Ron Paul!!

Bob Vondruska of CA @ Jan 05, 2009 17:30:10 PM

Get a job

Older American people have voted and allowed ignorant and greed politicians to rule this country. They were deceived and failed to think and research. Therefore they should pay

by losing their SS / Ponzi scheme fund.

My father is 83 and still does enough work to support himself because he is educated and has skills/intelligence. He is in great shape because he works instead of sitting watching TV getting fat and overwhelming our Medical services giant.

Translation - GET OFF YOUR BUTT AND DO SOME WORK!!

Dave of CA @ Jan 03, 2009 12:05:18 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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