On Aug 13, 2010, at 2:57 PM, Bill Lear wrote:

> Is there a good refutation for non-specialists of the notion that
> Social Security is a Ponzi scheme?

It's no more so than any pension scheme. Today's retirees are paid by today's 
workers. Tomorrow's retirees will be paid by tomorrow's workers. What's Ponzi 
about that?

Doug
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