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Friday, November 30, 2012

More Evidence the Government is Running a Giant Ponzi Scheme

The U.S. birth rate just hit a new low which has liberal media outlets like NPR pointing out that Medicare and Social Security are in trouble as a result. Why? Because the program isn't being paid for with money former workers put into the system, that's already been spent by the government, but by young people currently working.
The U.S. birth rate hit an all-time low last year, according to a report from the Pew Research Center — just 63 births per 1000 women of childbearing age.

This is a problem. Not just because there is less chubby-cuteness in the country. But also, as I reported earlier this month, fewer babies now means fewer working-age people a couple decades from now. And that means fewer workers helping to pay for programs like Medicare and Social Security that support the elderly.
This is the government's definition of a Ponzi Scheme:


Anonymous said...

I hope they checked the birth rate for whites VS blacks. The birth rate for blacks is up 400% in the last 4 years. Wonder why?

Anonymous said...

This is correct.By it's definition our government is running a ponzi scheme,but artificial padding is the only alternative when substance is lacking.Think about the air mattress you sleep on when you go camping.You tolerate it because it's temporary,but you darn sure would'nt want to sleep on it for the rest of your life.For the rest of our lives we will be sleeping on that symbolic air mattress,unless something major changes.

Sand Box John said...

Those that have been around for while have know that Social Security is a Ponzi Scheme.

If you walked into any one of the state insurance commissions looking to get a license to commercial sell a retirement investment product based on the Social Security Administration's business model you would be laughed out office.