Explodable Quotable

Yay!  Here’s a Tuesday Night game for you:

What rabidteabag-festoonedfoaming-the-mouthwingnutcalled Social Security a “Ponzi Scheme” whose days are numbered?

“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…”

No, not that wingnut, the other one.

Uhh, excuse me while I — whoops!  Stand back!!

You may now join me in the Ceremonial Wiping Up Of Bits Of Brain And Skull From Keyboards and Monitors.

(via ZeroHedge)

4 Responses to “Explodable Quotable”

  1. 1 Peter Wednesday, September 14, 2011 at 2:21 am

    Krugman thinks everyone should be given a trust fund when they are young? Wow, only in America. But why stop there? Shouldn’t everyone also be given a racehorse and membership in the golf club?

  2. 2 uu4077 Wednesday, September 14, 2011 at 6:37 am

    I wonder if Krugman still feels the same way today. He’s not always right.

    He wrote a column back in the late 1990’s about how Germany was a basketcase and he didn’t see how they could possibly turn things around. However, Germany has been the powerhouse economy of Europe during the past decade.

  3. 3 JJ Wednesday, September 14, 2011 at 11:44 am

    Why not? That approach worked so well for Greece…

  4. 4 JJ Wednesday, September 14, 2011 at 11:58 am

    He’s not always right.

    Some would call that the Understatement of the Year.

    But not me!!
    Heh 😛

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