Have you heard about seniors getting a $250 rebate for SSI?

I heard this wonderful news just today about rebate checks being sent to our seniors since they won't get a cost of living adjustment. Wait a minute? Congress isn't getting one either and they won't get one in 2011. This actually put into law by our president. I have to say this is the first good thing I have seen him do. But rebate checks for SSI recipients? This is a ponzi scheme and a half. SSI pays out more than you put in and the fund is in the red $898B because we can't stop spending but those SSI recipients get a rebate check for $250. Break this line of thought for a second to explain the Ponzi Scheme and how it works.

Ponzi Scheme's work like this. I am hedge fund director. I have this "great investment opportunity" that, in actuallity, doesn't really exist (social security is one of them). I come to you, the investor, and ask for $10,000 to invest into my "opportunity" with a promise of a return of 25%. You give me the money and then I go to the next investor with the same "opportunity", only this time I ask him for $13,500. I take that amount and give you $12,500 like I promised and pocket the rest. I repeat this process over and over again until I am filthy rich. The bad part about ponzi schemes is the only way to get out is to pass the buck to someone willing to lie to the next person. Social security has steadily taken in more and more cash from you. It then turns around and gives the "investor" the return he or she was promised over a period of time. They are able to do that because the money comes in every time you get a paycheck.

So why should we give these poor elderly folks a rebate check in the middle of a recession? VOTES!! That's the scheme. It's not for their well being. We are forced to pay into a retirement system that is not garaunteed to be there when we retire. Basically government is saying "invest your oney with us and we will take care of it and you." What they should be saying is "get an IRA or Money market account or CD and save up for your retirement." This is bad business on the government's part. All they would have to do is finish paying out the elderly, pay every one what they paid in, and shut down the system of circular money. You know why they won't do it? It is a pot of money that they can tap into. Oops they already spent it all. Too late now Timmy. You are going to have to still pay into it and when you retire, you won't be able to collect. Should have put into the nasty, awful, mean IRA that has a compound interest of right around ten percent.