"Your Question is Idiotic"
Thomas Friedman's response to Rick Santelli's question of "Is Social Security a Ponzi Scheme?"
Beautiful. Calling a cat a cat. About time.
Social Security is no more a ponzi scheme than any other pension system. What is wrong with Social Security is that Congress decades ago stopped setting the money aside (did it ever?) and used the incoming money for the general fund.
If Social Security money were invested in a diversified global bond fund it would never become insolvent.
Social Security is a great program that has been mismanaged. That's not ponzish, that's idioticish.