Ponzi Scheme

General Motors CEO Dan Akerson illustrates the gap between higher costs, such as pension obligations, and a shrinking tax base …

 

The government ponzi scheme does not save money for the pensions like an individual with a 401K does. The government needs more people to contribute to pay those at the top of the pyramid.

This is also the way Social Security and Medicare work. If an investment firm did this they would be behind bars for the rest of their lives.

Dansette