Social Security: Ponzi Scheme or Sacred Cow?
The past two days Americans were treated with a Republican debate and a speech from our President. Both were snoozers as they said nothing new in reality, but one moment did jump out as notable. An exchange occurred between Mitt Romney and Rick Perry over "provocative language" regarding Social Security. Why is this notable? Social Security was once labeled as a sacred cow by Milton Friedman because if any politician dared to touch it they would be burnt toast. Barry Goldwater serves as a shining example of how the ruthless American public will skewer any politician that goes after their "entitlements". Seems like Rick Perry did not get the message, he not only called SS a Ponzi Scheme, but doubled down in the debate and reaffirmed his position when challenged by Romney. Now, Romney being quite shrewd on what to say in order to garner maximum support spoke of saving SS even citing that it is a Republican tradition to do so. This of course brings us t