![Catastrophic Success](http://images.mauldineconomics.com/mauldin-2019/img/article-default.jpg)
- September 24, 2011
Catastrophic Success
Breathes
there a man with brain so dead
Who
never to himself hath said,
“Social
Security looks like a Ponzi Scheme?”
- With apologies to Sir Walter Scott
Today we look at Social Security. In the US, Texas Governor Perry touched the third rail of Social Security and called it a Ponzi scheme, which of course immediately made him the leading candidate in the “shoot the messenger” category. Behind the rhetoric, we look at some actual numbers. No, not...
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