Ed Driscoll

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Venn Diagram of the Day

August 30, 2011 - 2:14 pm - by Ed Driscoll


At the Corner, Veronique de Rugy says she loves the Venn Diagram created by the Washington Examiner’s Tim Carney, but it leaves something out:

This is great, but I think that something is missing in the Social Security side of the diagram. Only in the case of Social Security will people be asked to pay a second time for what they’ve already paid for: all these IOUs in the Social Security Trust Funds. Since the money is gone, taxpayers will be asked to pay once again for the $2.6 trillion in the trust funds — once the program starts cashing in its IOUs — in the form of new taxes or more deficit spending (future taxes, higher interest rates, or future downgrades, or a mix of the three).

See also: “Generation Vexed.”

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Filed under: Capitalism, the Unknown Ideal, Liberal Fascism, The Future and its Enemies

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2 Comments, 2 Threads, 1 Trackbacks

  1. 1. Buck O'Fama

    I guess this means FDR was a Ponzi-scheme fraudster. Sounds about right.

    August 30, 2011 - 4:53 pm   Link to this Comment
  2. 2. Rifle308

    To Generation Vexed, The World is NOT yout oyster. The sooner you realize this the better off you will be.
    Rifle 308

    August 31, 2011 - 9:12 am   Link to this Comment

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