Category Archives: General Musings

Perry on Social Security

Texas Gov. Rick Perry is being criticized for calling Social Security a “ponzi scheme”. That doesn’t seem the least bit controversial to me. But perhaps I don’t fully understand what a ponzi scheme is. Let’s see……..

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

Isn’t that exactly what social security is?

Who’s a junior senator?

Is bias in the MSM so pervasive now that they not only show bias to the D’s, but they are now comfortable revealing their primary picks?
See if you can pick up the subtle bias in Hillary’s favor here:

By last night, senior aides to Clinton, who represents New York, and Obama, the junior senator from Illinois, were quarreling on television, their raised voices a measure of how competitive the 2008 presidential campaign has become with more than six months until the first votes are cast.

Catch that? Clinton represents New York, while Obama is just the “junior” senator from Illinois. Why doesn’t it say, “Clinton, the junior Senator from New York, and Obama, who represents Illinois……”? Only the “journalist” who wrote the article knows for sure.