On Laura Ingraham’s radio show today, Rep. Paul Ryan (R-Wis.) agreed with Texas Gov. Rick Perry (R) that Social Security resembles a Ponzi scheme. “It’s not a criminal enterprise, but it is a pay as you go system where earlier investors, or say taxpayers, get a positive rate of return and the most recent investors, or taxpayers, get a negative rate of return,” said Ryan. “That’s how those schemes work.”
Did he say "scheme?" Are these people serious?
Every other developed nation in the world provides a safety net for its most vulnerable citizens. Now, suddenly, the world's largest economy -- ever -- can't do the same?
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