by William Thornton » Fri Feb 06, 2015 6:53 pm
Advocacy site Keith. So, SS surplus buys gummit bonds, loans money to pay current obligations with 'guarantee' to repay self in future with...gummit funds. Shell game. I'm not a SS doomsdayer, BTW. As long as gummit can tax, they will send the checks. I predict that a way will be found to manipulate the indexing and obligate gummit in future to repay with less valuable dollars than those paid in.
But all this is a sideshow.
Would you mind explaining how privitazation could be defined as a Ponzi scheme?
My stray thoughts on SBC stuff may be found at my blog,