Tag: Social Security

Lloyd Lofthouse

Oct 2, 2014

The foolish, Social Security, Tea Party, Ponzi-Scheme myth

Texas Governor Rick Perry started the myth that Social Security was a Ponzi Scheme.
Lloyd Lofthouse

Oct 13, 2013

Social Security and Medicare’s impact on the national debt = ZERO!

What is it that America’s elected Congress doesn’t want the American voter to know?
Lloyd Lofthouse

Dec 8, 2012

The Evolution of a National Debt Burden – Part 7/7

The 1935 Social Security Act created primarily a pay-as-you-go system, meaning that payments to current retirees come from current payments into the system.