For those who think Social Security is a political “ponzi scheme”
All of us who live in the complex world of Social Security from time to time hear someone ranting about Social Security “going bankrupt”. If they’re younger, they lament that it surely won’t be there when it’s time for them to collect. If they’re older they complain that it certainly won’t be there for their children or grandchildren. Name calling abounds with monikers such as “ponzi scheme,” “government boondoggle,” “ripoff,” etc., being used to describe America’s most important program for keeping the poverty level at a record low. In this article appearing at Tucson.com, retired SSA employee and current Social Security consultant Tom Margenau describes the ranting he’s endured and how a voice from the past apologized for incorrectly maligning Social Security as “Social Insecurity.” Click here to read more.
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