Why Social Security by Stirling Newberry:
“Social Security, as it was, is doomed, simply because the current executive and the political coalition that he heads must have that money. There is nothing that will stop them, simply because they realize that Iraq is a failure at producing the flood of new oil and new oil exploration money – and therefore they have to create a crisis.
In reality there is no crisis. The crisis is not with social security, but with the need for Wall Street to pour money in to replace the money that is not coming in in the form of higher consumer spending. The consumer is almost tapped out, therefore, the only money left to be had is the money paid in for FICA taxes. To keep stock valuations up, that money must be poured into stocks, so that the very wealthy can cash out while tax rates are unsustainably low. In short, this is a Republican Ponzi scheme.”
When you hear Republicans refer to Social ecuirty as a “Ponzi scheme” remember our rule: If Republicans are accusing it always means they’re DOING.