Rick Santelli Rips Idiotic Defender of Social Security
CNBC is worth watching just for the off-chance that Rick is gonna do some political science with a hammer. This is the latest:
One might argue legalities, but putting them aside, Rick is definitely right. The structure of Social Security is a Pyramid scheme. It only works as long as more and more people are added to it every year. That his interlocutor could not answer Rick says a lot about the problem with Washington and their little band of yes-men. What a brilliant use of Newspeak is his answer, “what makes Social Security work is fixing Social Security.” Oh! I see.
Ironically, liberals can’t even get out of denial enough to admit these kinds of entitlements only come close to working with a growing population and a growing economy, things they often point to as producers of the evils of society.