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Archive for August 16th, 2010

Social Security: America’s 75 year old chain letter

16 Aug

The Social Security program turned 75 years old on August 14th and the political class and their allies in the media, academia and the business world toasted the event extolling the virtues of America’s longest and largest chain letter. Make no mistake about it; Social Security is a chain letter.  Think of Social Security as Bernie Madoff on steroids.

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Posted in Federal Government, Taxes, Welfare state