Ok…maybe it IS a “Ponzi scheme” after all. Hattip to RedState for digging up the definition of a Ponzi scheme (I actually didn’t think to do this…so shame on me!). Maybe Rick Perry is right! “a Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by
See original here:
Social Security fits the definition of “Ponzi Scheme”
There is so much bad news on the Drudge Report today that I honestly don’t know where to begin. You make the call: Debt Passes $14.4 Trillion for First Time GM Is $11 Billion Loss for Taxpayers Oil Prices Soaring Today Obama Gives Libyan Rebels $25 Million China Urges U.S. To Protect Creditors Texas Burning Border to Border But, here’s some good news:
Originally posted here:
Pick Your News
Governor Rick Scott (R-FL) has turned down $2.4 billion in federal funding to build a high speed train (Bullet Train to Bankruptcy?) between Tampa and Orlando. Scott’s decision appears to be drawing criticism from both Democrats and Republicans. Scott’s reasoning: It could cost Florida taxpayers $3 billion Ridership projections could be overly optimistic (doesn’t everyone want to visit
Follow this link:
Scott Turns Down $2.4 Billion in Fed Funds
Can the GOP hold out until January 3? Forget about going quietly into the night. Senate Democrats on Tuesday unveiled a broad agenda for an end-of-session sprint that, in other years, could be a whole year’s worth of activity — ranging from an arms-reduction treaty with Russia to a major immigration bill to overturning the ban on
Visit link:
Reid Threatens to Keep Congress in Session
