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July 14, 2011


Topics: Political News and commentaries

As Michael Walsh puts it - the yuck stops here:

And let's not overlook that the Democrats have finally tacitly admitted what everybody except the vast majority of Americans knows to be true about the Ponzi Scheme:
Obama inadvertently let the Social Security cat out of its imaginary "lockbox" when he threatened to stop the checks. Because there is no trust fund: Social Security is paid either out of current revenues or with borrowed money. It's a pyramid scheme that's running out of suckers.

The president and Congress should take this moment to level with the American people about the solvency of entitlement programs, but of course they won't.

Because the joke's on us.

As we used to say when we were kids: that's so funny I forgot to laugh.

More here.

Posted by Richard at July 14, 2011 9:33 AM

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