Aug 13, 2015 ... Have you ever wondered why we have a Social Security system? For most of  human history, people relied on families and extended families for security in old  age. But as we moved into the 20th century, families became dispersed and  increasingly unreliable. As a result, people turned to government to ...
Aug 25, 2011 ... Here's how the Social Security Administration -- which, somewhat touchingly, has  a whole web page explaining why its not a Ponzi scheme -- describes Social  Security: “It would be most accurate to describe Social Security as a transfer  payment--transferring income from the generation of workers to the ...
Oct 19, 2017 ... In a televised debate on taxes, Sen. Ted Cruz denied that he ever called Social  Security a “Ponzi scheme.” But in a 2011 interview, Cruz gave the definition of a “ Ponzi scheme” and said it fits Social Security. “That is exactly how Social Security  operates,” Cruz said in 2011. The issue of Social Security came ...
Apr 4, 2017 ... There is no major problem therefore here. Social Security is most definitely a  Ponzi Scheme but with a few tweaks here and there it's a sustainable one.
Sep 24, 2014 ... Congressional candidate Carlos Curbelo sided with Texas Gov. Rick Perry's  depiction of Social Security and Medicare as a "Ponzi scheme" in a talk with  college Republicans. "I speak about both of these programs as one because they  both suffer from the same long-term insolvency, meaning that they ...
Social Security is a "Ponzi scheme."