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Peter Schiff Radio Show - Two Former Social Security Officials Admit The System Is Not Much Different from a Ponzi Scheme



July 19, 2011 – Comments (1)

Typically I wouldn't bother posting a video of Peter's radio show, but this is just too good to not recommend:

1 Comments – Post Your Own

#1) On July 19, 2011 at 12:11 PM, garyc27 (< 20) wrote:

What a shock---our government is running a Ponzi Scheme.

When the President stated "I can’t promise that Social Security checks will go out in August if we don’t reach a deal" I was surprised because one would think he could just reach into the Social Security Trust Fund and take out the appropriate amount of money.  I guess all $2.6 Trillion I.O.U.'s are worthless

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