Red State Attacks Social Security As A "Ponzi Scheme"

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In a June 16 post to the conservative blog Red State, Daniel Horowitz wrote that "[t]he Social Security Ponzi scheme is perhaps the most consequential government infringement upon our lives." Horowitz later called for conservatives to "offer workers the option to opt out of the Madoff-style program." From the blog:

The Social Security Ponzi scheme is perhaps the most consequential government infringement upon our lives. Conservatives are justifiably outraged that Obama egregiously mandated that we purchase health insurance. However, the individual mandate is not nearly as meddlesome and tyrannical as the government's complete control over our retirement security. The only reason why these two programs are regarded differently by the public, is because Social Security has been around for 75 years. Consequently, most Americans are conditioned to believe that a person's retirement is indissolubly tied to government-run Social Security.

Now that Social Security is running a perennial deficit and is facing insolvency, conservatives have an opportunity to reverse one of the most flagrant violations of our property rights, by offering workers the option to opt out of the Madoff-style program.

[...]

So, young Obama zombies with skulls full of mush; with whom do you trust your retirement security: your bank account or Obama's defunct ATM? How about Bernie Madoff?

Previously:

Limbaugh: Social Security And Medicare Are "Ponzi Scheme[s]" Like Madoff And Subprime Mortgages

Andrew Napolitano: Social Security "Is A Ponzi Scheme"

Bolling is glad the young will have to work rather than rely on "Ponzi scheme" of Social Security

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Health Care, Medicaid
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Red State
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