Authored by Gary Galles via The Mises Institute,
Seeing the Democrat debates has reminded Americans just how much of campaigning is promising something-for-next-to-nothing in attempts to buy electoral support. But when you think about historic Democrat bragging points, like Social Security and Medicare, that is not surprising. They have long been “something for you today partly at someone else’s expense tomorrow” programs. In other words, they have been partial Ponzi schemes from the beginning.
Every time the program expanded, another partial Ponzi scheme of excess benefits over costs was created for the initial group of beneficiaries, again inevitably at the expense of later generations.
So how has the modern Democrat party built on its proud legacy of such Ponzi schemes? By adding new ones.
https://www.zerohedge.com/news/2019-08-07/2020-candidates-offer-new-government-ponzi-schemes
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Thought I'd point this out to the younger generations who keep wanting to blame the "damned, greedy, Boomers".
It's not the Boomers... never has been.
It's the F'n Politicians!! Always has been.
Seeing the Democrat debates has reminded Americans just how much of campaigning is promising something-for-next-to-nothing in attempts to buy electoral support. But when you think about historic Democrat bragging points, like Social Security and Medicare, that is not surprising. They have long been “something for you today partly at someone else’s expense tomorrow” programs. In other words, they have been partial Ponzi schemes from the beginning.
Every time the program expanded, another partial Ponzi scheme of excess benefits over costs was created for the initial group of beneficiaries, again inevitably at the expense of later generations.
So how has the modern Democrat party built on its proud legacy of such Ponzi schemes? By adding new ones.
https://www.zerohedge.com/news/2019-08-07/2020-candidates-offer-new-government-ponzi-schemes
_________________________________________________________
Thought I'd point this out to the younger generations who keep wanting to blame the "damned, greedy, Boomers".
It's not the Boomers... never has been.
It's the F'n Politicians!! Always has been.
