Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLetter: Social Security is Ponzi scheme
Tuesday, July 10, 2001 | 9:02 a.m.
Daniel Olivier's July 2 letter, "Won't stand for cuts in benefits," was hilarious. He seems to be the only person who doesn't know that Social Security was a Ponzi scheme.
The same politicians who are wringing their hands looking for a "solution" know this.
If Social Security was a private sector insurance plan, these same politicians would be having a congressional investigation and making speeches calling for the jailing of those mean-spirited executives who filched the American people's money. (By paying 2 percent on loans and then spending the money on programs that encouraged irresponsibility.)
What can Congress do now?
I hope they come up with an answer, but I'm not holding my breath.
FRANK PERNA
archive
- Most Read
- Discussed
- Most E-mailed
- Scientology foe’s arrest raises issue of rights
- Miguel Cotto camp says big cut in June fight an asset now
- ‘Stripper-mobile’ with live dancers raises safety, decency concerns
- Cada cherishes moment as poker’s youngest champ
- Manny Pacquiao, Miguel Cotto arrive at MGM Grand
- $5.1 million later, life goes on for Darvin Moon
- Fight snapshot: Arum takes a pot shot during Pacquiao training
- Vegas resorts get new places on Monopoly game board
- Casino supply company’s founders sue over link to criminal activity
- Rebels old and new celebrate anniversary of 1990 title
Blogs
The Kats Report
A lesson in information dissemination, with a little Twitter and a lot of Agassi
Now and Then
Ichabods were tougher than they sound
Politics: Ralston's Flash
I shudder to think what the “amazing door prize from the governor” might be (2 Comments)
Pew Center report finds what others have: Nevada's economy depressed, future in doubt (4 Comments)
Elsewhere
Kelly Pavlik to fight in hometown on Dec. 19
Lobos soccer and Lambert continue to draw attention
Now or Never
Getting closer to where we want to be
Calendar »
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
- 15 Sun
-
Foreigner at Star of the Desert Arena
Star of the Desert Arena
-
Days of the New at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
-
DJ Boris at Godskitchen
Body English | 10:30 p.m. to 11:30 p.m.
-
Holding on to Sound at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Rockabilly Wednesay at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
