Wednesday, March 30, 2011

Middle Class Welfare

RealClearPolitics - Can We Avert a Social Security Disaster?

A good coverage of the facts of FICA --  there is no "Trust Fund", it DOES affect the budget TODAY, and increasingly going forward, and it IS a form of welfare for the middle class -- one that is very popular and totally unsustainable. MANY unsustainable things are popular -- the only problem with "free lunch" is that it doesn't exist, and any attempts to make it seem like it does are just some form of a Ponzi scheme.
FICA is the Ponzi scheme that may end the USA.

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