8537
VIP Member
LOL. No Really. Obama sounded like the receptionist at Bernie Madoff's old firm.
Where's our money?
If we could withdraw it , we would
Well of course we can't all withdraw it. It's loaned out for other uses - kinda like at a bank. When the other folks repay their loan, you can get your money (or, when Congress decided they don't want to honor all of the debts to SS, which is the far more likely scenario).
You don't think the bank keeps Frank's money in a little can in the back, do ya?
Stop Reading Krugman!
I never started.
Write this down: a Ponzi Scheme is when the only way they can pay off old investors is with new money.
That might define Ponzi Scheme. It also defines Life Insurance, Annuities etc...