Social Security and Charles Ponzi

    No doubt you have heard the uproar over Gov. Rick Perry’s assertion that Social Security operates much like a Ponzi scheme. Perry’s attempt to discuss the “third rail of American politics” once again thrusts the program’s solvency before the American electorate. True to form, rather than sparking honest debate, Perry’s comments elicited immediate contempt and scorn from liberal ideologues bent on preserving this longstanding entitlement | Read More »

    The Great Global Warming Ponzi Scheme – how the mainstream media keeps it alive

    Ordinary ponzi schemes pretending to be worthwhile investments collapse if they aren’t constantly infused with new money, and when anyone starts asking tough accounting questions. The theory of man-caused global warming is kept afloat only because a sizable portion of the public believes the issue is settled, and that our efforts to reduce greenhouse gases will stabilize the climate. Faith in the issue is continually | Read More »

    Social Security is a Dead Man Walking

    The Social Security system was a boondoggle from the beginning. It was never intended as a retirement activity. It was purely another means to collecting tax from the worker. It just so happened that the growth of population supported the “Ponzi” scheme to the extent that Government officials could at least plausibly defend that you will get your “Investment” + growth when you retire. Note | Read More »

    California: Check Your Premises

    When it comes to California, if you hear hoofbeats, assume unicorns: California Spends $800K to Bolster Green Initiatives California is currently mired in a fiscal morass that seems almost intractable, with many in the Golden State blaming overspending by government for the state’s fiscal woes.  Assembly Democrats have proposed plugging the state’s budget hole via $9 billion in loans, whereas Senate Democrats want to suspend | Read More »

    California: Check Your Premises

    When it comes to California, if you hear hoofbeats, assume unicorns: California Spends $800K to Bolster Green Initiatives California is currently mired in a fiscal morass that seems almost intractable, with many in the Golden State blaming overspending by government for the state’s fiscal woes.  Assembly Democrats have proposed plugging the state’s budget hole via $9 billion in loans, whereas Senate Democrats want to suspend | Read More »