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To quote Allen W. Smith Ph.D.

Submitted by Roanman on Mon, 04/26/2010 - 15:12

 

Among the really good reasons to troll The Heritage Foundation site is that only really, really smart people troll The Heritage Foundation site.

The following quote shows up in the comments of a piece titled "Americans Have Every Reason to Doubt Social Security Solvency"

 

"The hard fact is that every dime of the $2.5 trillion in surplus Social Security revenue, generated by the 1983 payroll tax hike, has been spent on wars and other government programs.

Every month, for the past 25 years, the total receipts from the payroll tax have been split two ways.

First, benefits for current retirees are paid from the Social Security revenue.

Then, all remaining Social Security revenue, not needed to pay that month’s benefits, are deposited into the general fund and become indistinguishable from other general fund revenue."

 

Can you say Ponzi Scheme?