- Written by Ivey Brent Laminack Ivey Brent Laminack
- Category: Public Policy Public Policy
- Published: 12 March 2014 12 March 2014
I know this isn't timely, but an email from a friend today about AARP finally prompted me to write. Back in September Rick Perry called Social Security a Ponzi Scheme in a debate. The next month's AARP bulletin's lead editorial was on why it wasn't a Ponzi scheme. Their argument was 1) it hasn't run out of money yet 2) it's run by the government and 3) everybody has to participate. I guess I'm missing some subtlety in their argument. To me, all this argument says is Social Security is a REALLY BIG Ponzi scheme. Help me out here, I'm not really wanting to debate Social Security, the facts are pretty plain there. It's AARP's limp argument that struck me.