Ever since Texas Governor Rick Perry attacked Social Security as a Ponzi scheme as an opening gambit in his presidential campaign we have been treated to a spirited debate in the media on the truth of this proposition. Those of us who consider this to be ill-informed nonsense that has the effect of misleading the public about the state of Social Security's finances were told to lighten up. After all, what is wrong with debating the topic?
In this spirit of free and open debate, perhaps our attention should be devoted to the question of whether the Washington Post is a criminal enterprise. While it is ostensibly a newspaper that purports to give the public an objective take on key events in the country and the world, it has been involved in several actions that raise serious questions about this status.
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The reality is that there is no realistic basis for the comparison between Social Security and a Ponzi scheme. The proper response to Governor Perry's charge should have been to ask whether he had any understanding at all about the country's most important social program. He had committed a gaffe of monumental proportions. The media should have focused on exposing the governor's ignorance, not trying to imply that in some alternative universe he might be right.
http://www.huffingtonpost.com/dean-baker/is-social-security-a-ponz_b_970124.html?ir=Politics
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