EDITOR OF REDSTATE
I realize we’re all supposed to be in the tank for Mitt Romney, but when the heck did we suddenly love social security? It’s nuts.We’ve got Karl Rove out denying it is a ponzi scheme solely because he hates Rick Perry. It’s all politics, not principle.Mitt Romney says that millions of Americans being dependent on government for their retirement is the definition of a successful program.And we’ve got a solid segment of the conservative movement falling in line behind them. It’s all so confusing.Are we all so damn scared of Rick Perry that suddenly we’re going to abandon the fight for real reform of social security and try to make Perry look like a fringe candidate when, in fact, his position has been the mainstream of the GOP for decades?Social Security is, for all intents and purposes, a ponzi scheme. Don’t believe me? Try out the Securities and Exchange Commission definition:
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.
Or how about from wikipedia?
A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.
It’s one thing to want to defend Mitt Romney. It’s perfectly reasonable to say we’re scared to death to ever touch the supposed third rail of politics again. It’s even reasonable to say that Rick Perry cannot win by holding to this position. In fact, Perry needed to spend more time focusing on the fact that he does not want to abolish social security as the Democrats and Mitt Romney both claim.But to suddenly proclaim the conservative position as “social security is a-okay and we just need to make it even better” is complete and total bull crap, not to mention seriously chicken and intellectually dishonest for a bunch of people who’ve more or less held Perry’s position for years to suddenly pretend it’s nuts just because they support another candidate or think the political winds have shifted. Shame on you people.