Ye Olde Ponzi Scheme

From the Incidental Economist -- the post does a good job of illustrating the vacuousness of the recent Rick Perry remarks -- just a slogan designed to catch the ear of anti-government right-wingers :

"It’s become popular these days to blog on how Social Security is or is not like a Ponzi scheme. I hope readers understand what’s going on though. This is all about perception and framing. There’s not a lot of meaning to the use “Ponzi scheme” in this context. You can’t actually convey anything useful about Social Security by labeling it thus."

http://theincidentaleconomist.com/wordpress/ye-olde-ponzi-scheme/