Saturday, September 10, 2011

Bernie Madoff, Tells How It's Done

Who is lying to whom? This has been an inside the lamestream joke ever since, well ever since FDR told the Supreme Court the truth, and then proceeded to lie about Social Security to the public.

From RedState ...

They might want to reconsider. Alex Tabarrok notes at Marginal Revolution that Nobel Prize winning economist Milton Friedman called social security “the biggest ponzi scheme on earth. That was back in 1999.

In 1967, Nobel Prize winning economist Paul Samuelson also considered social security a ponzi scheme.
Oh, and they aren’t the only one’s to use the word “ponzi” to describe social security. So did Nobel Prize winning economist Paul Krugman.

That doesn’t even include Mitt Romney who called the social security system a “criminal enterprise.”

When you have economists on the left and the right calling social security what it is, you might want to rethink your line of attack.

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