Social Security Disaster
This column by ACRU Policy Board Member and Professor of Economics Dr. Walter E. Williams was published October 5, 2011 on Townhall.com.
Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security’s problems is not the same as calling for the abandonment of its recipients. Instead, it’s a call to take actions now, while there’s time to avert a disaster. Let’s look at it.
The term was derived from the scheme created during the 1920s by Charles Ponzi, a poor but enterprising […]

