The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting
Post Tagged with: "social security Ponzi scheme"
September 20, 2012 09:30
The Federal Reserve Is Systematically Destroying Social Security And The Retirement Plans Of Millions Of Americans
Because of the Fed policy of keeping interest rates exceptionally low for the foreseeable future it is now being projected by some analysts that Social Security will be bankrupt by 2023.
August 10, 2012 07:34
Social Security Ponzi Scheme Becoming Apparent
How dumb can the electorate be to continue to put up with the Social Security fraud?
July 5, 2012 09:37
Social Security to be cut 25% in 10 years!
Projections by the SS Trust Fund have gross errors in income projections. Interest income from Treasuries drops 75%. GDP growth and employment projections also unrealistic.
September 21, 2011 18:58
Obama’s “Jobs” Plan Major Trouble for Social Security
Obama’s “must pass” bill will cut funding for social security when it need it most. National journal’s Major Garrett explains.
September 13, 2011 07:58
Yes, It Is a Ponzi Scheme
As with Ponzi’s scheme, when the number of new contributors dries up, it will become impossible to continue to pay the promised benefits. Those early windfall returns are long gone. When today’s young workers retire, they will receive returns far below what private investments could provide. Many will be lucky to break even.
