Batshit, Ponzi, and Little Ricky

Rick "Batshit Boy" Perry has had fun labeling Social Security as a Ponzi scheme. The dim bulb Red Staters applaud. They are dumb. As I wrote back in July, Social Security is not, never has been, nor should ever be, an investment scheme. That's just a waste of money. It's a current account program, just like most of what the Federal government does. To do otherwise wastes money in administrative overhead (moving, and accounting for, money from one pocket to another), and leaves government in an untenable position; can it prosecute malfeasance in the market if doing so diminishes its "return"? And the survey says: government's proper role is to protect the citizens from malfeasance. End of story.