Tag Archives: social security
Social Insecurity and the Fate of All Ponzi Schemes
Elon Musk – the richest man in the world – is doing a fine job shaking up Washington’s political establishment. He recently took to the Joe Rogan podcast where he said, “Social Security is the biggest Ponzi scheme of all time.” Continue reading
Has Social Security Run Out of Suckers?
Did you know that the U.S. government has run a budget deficit in the month of October 70 times out of the past 70 fiscal years? Continue reading
Has Joe Biden Lost His Mind?
The current price tag for unfunded liabilities – for Social Security, Medicare (Parts A, B, and D), federal debt held by the public, and federal employee and veteran benefits – is $158.9 trillion. Again, GDP’s just $18.6 trillion. Anyone under 50 years old that’s depending on Social Security to supplement them in retirement is toast. Many people older than 50 are also toast. Continue reading
America Goes Full Imbecile
Credit has a wicked way of magnifying a person’s defects. Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd. But an average man, with unlimited credit, is preeminently disposed to going full imbecile. … Continue reading
