healthmyths
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- Sep 19, 2011
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Down load this file from the Government Accounting Office (GAO)
www.gao.gov/financial/fy2010/10stmt.pdf
Financial Statements of the United States Government
for the Years Ended September 30, 2010, and 2009
Go to
Page 14.. Social Insurance Summary..
(copied exactly as stated)
Expenditures for Scheduled future benefits :
$63.287 TRILLION!
Present value of future expenditures in excess of future revenue:
$31 Trillion!
In other words $31 trillion WILL BE OWED then what will be available!
Does the above fit the definition of Ponzi scheme?
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation.
The system is destined to collapse because the earnings,
if any, are less than the payments to investors.
Ponzi scheme - Wikipedia, the free encyclopedia
change "investors" to beneficiaries and the definition fits!
So I ask ANY logical sane, rational person to agree that if the GAO states
there will be $31 trillion shortfall, i.e. less money then available to pay out,
i.e. PONZI SCHEME..
IT IS A PONZI SCHEME AND THEREFORE ILLEGAL!
www.gao.gov/financial/fy2010/10stmt.pdf
Financial Statements of the United States Government
for the Years Ended September 30, 2010, and 2009
Go to
Page 14.. Social Insurance Summary..
(copied exactly as stated)
Expenditures for Scheduled future benefits :
$63.287 TRILLION!
Present value of future expenditures in excess of future revenue:
$31 Trillion!
In other words $31 trillion WILL BE OWED then what will be available!
Does the above fit the definition of Ponzi scheme?
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation.
The system is destined to collapse because the earnings,
if any, are less than the payments to investors.
Ponzi scheme - Wikipedia, the free encyclopedia
change "investors" to beneficiaries and the definition fits!
So I ask ANY logical sane, rational person to agree that if the GAO states
there will be $31 trillion shortfall, i.e. less money then available to pay out,
i.e. PONZI SCHEME..
IT IS A PONZI SCHEME AND THEREFORE ILLEGAL!