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Investorman

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Investorman

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Re: fung_derf post# 326677

Monday, 04/04/2011 8:01:24 PM

Monday, April 04, 2011 8:01:24 PM

Post# of 358439
A chain letter is a Ponzi scheme.

Social Security isn't going to be short because money was moved to other uses but that excrabates the problem. The money paid in by boomers was never going to be enough to pay for all of them when it came time to shell out benefits.

Maybe they thought the nuclear option during the cold war would solve the problem.

Insurance companies are a whole different game.
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