The more they attack Rick Perry on his “Ponzi scheme” comment, the more light is shed on that unsustainable scheme.
So, bring it on Mitt Romney..
I hate to see conservatives defining conservatism as too narrow a focus on limited litmus tests. One can support SS without being a liberal. Heck, I’ll bet (although they may not admit it), a good 30 to 40% of freepers collect SS checks.
I am a conservative. I like SS. SS is not a ponzi scheme. Being conservative does not mean having to adopt positions that are wrong just because we are told to adopt these positions.
Look - even if there are only 2 workers to every retiree, what does that mean? Say those workers earn $4030/month. Those 2 workers contribute 6.2% or $250 per month each, and their employer contributes $250 per month each. That’s $1000 from those two workers. Take out the 1% overhead for SSA costs, and you can still write a check to the retiree for $990/month. And you can do that forever and never go broke.
And when those workers retire, their kids will do the same for them.
The workers barely notice the loss since they still get 93.2% of their pay. But they will sure appreciate the gain when they retire!!
Mitt attacks Gov. Perry not Pres. Zero. Nuff said.
NRO (especially its editor) was so in the tank for Myth Romney last election that I stopped reading the site and canceled my subscription to NRODT.