Paul Krugman in 1997 commented on Social Security’s “Ponzi game aspect”…“Social Security is structured from the point of view of the recipients as if it were an ordinary retirement plan: what you get out depends on what you put in. So it does not look like a redistributionist scheme. In practice it has turned out to be strongly redistributionist, but only because of its Ponzi game aspect, in which each generation takes more out than it put in. Well, the Ponzi game will soon be over, thanks to changing demographics, so that the typical recipient henceforth will get only about as much as he or she put in (and today’s young may well get less than they put in).” Paul Krugman circa 1997 agreed with Rick Perry of 2011 – someone alert the media.
This post was last modified on January 26, 2021
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What I PUT in?
Paulie baby, I've got a newflash for you.
I didn't put anything in. It was taken from me at gunpoint.
Oh, you're offended at that "gunpoint" comment? Well, don't pay your taxes and see if men with guns don't eventually show up at your door.
Hear that? Listen.
That's the sound of Crickettia in D Minor.
We cant expect Krugman to actually stand by what he said 14 years ago. His boy barry is going to save the whole wide world, one person at a time.
FOOLS all.
That's totally unfair looking back at some of the Demo rats own commie words
has this man ever run a real busines or is all his ideas just theory. thing always look good on paper.
Have a look...
http://www.youtube.com/watch?v=YlVDGmjz7eM
...BTW, this is most leftist economists would be like.