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The Myth of Social Security as 'Ponzi Scheme, Bernard Weisberger'

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'In these  perilous times, when the very idea of distinction between truth and falsehood is under siege, it’s more critical than ever to keep a sharp lookout for destructive false analogies. The lie is this: that the Social Security program, our rock of security and stability for an aging population for the last 80 years, is a Ponzi scheme idesigned to cheat Americans out of their money with false promises. The scam continues because it is essential to the deceptive mythology of unregulated capitalism’s billionaire class. It is especially cruel because it convinced many young workers that they will never receive a penny in Social Security benefits and struck fear into the hearts of those already collecting benefits that they will lose them — the young and the old alike. That is both vicious and cruel, and to expose and denounce it is the duty of any rational and fair-minded person.'

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At billmoyers.com

 

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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