Posts tagged ‘Ownership Society Institute’

September 16, 2011

Is Social Security a Ponzi Scheme and why is Thomas Friedman a Hyperbolic Hypocrite

Vodpod videos no longer available.

Rick Perry called Social Security a “Ponzi” scheme and NYT’s Thomas Friedman had a cow.  Now Tom didn’t really have a cow.  I just used that word to colorfully exaggerate Tom’s response to Rick’s use of the phrase “ponzi scheme.”  It’s called hyperbole.  Rick’s hyperbole has now been taken literally by the press, Democrats and his presidential opponents.  Thankfully it has driven the dialog to the point ordinary taxpayers and voters might consider evaluating this unsustainable pathetic excuse of a retirement program.

It has always been a ponzi-like scheme where new participants in the program pay the benefits for older participants.  Unfortunately when it was started 42 workers supported one retiree. Today it is down to three workers and fast approaching just two workers to support each retiree. Tom Friedman knows this too, but he refuses to admit it because he is just another propaganda pimp for liberals at the socialist rag called the New York Times.

Now if you think I am harsh on old Tom remember I use hyperbole and it is just his mindless support of demand-side economics that moves me to be so harsh. Everyone including Friedman admits Social Security is broken.  Everyone admits that the pay-as-you-go scheme of funding the program is bankrupting the nation and something has to be done.

However, Friedman wants to fix the program without specifying how. He is like all Democrats. They know privatizing Social Security will destroy their hold on government as they rely on special interests like retirees and big government programs like Social Security to keep them in office.  Opposing privatization also makes a great straw man for Tom to keep his books selling.  Add hypocrite to his sins and that’s no hyperbole.

It is simple as this. If the nation is collectively stupid (not just uninformed) they will try to repair a broken Social Security system.  If  the nation magically gets informed they will opt to replace our Social Security system with one that will increase a retirees monthly retirement check over 20 times that presently paid by our government-controlled system.

That’s right. Just about any privatization system can increase benefits. Chile has one; so do two counties in Texas. I reject those systems because they are controlled by governments.  I have proposed one that is controlled by the people and out of reach of Congress, the states and the municipalities.  And rather than increase benefits five times the Rise Up America plan increases benefits 20 to 50 times.


Now look for Tom Friedman to oppose this plan. It would seriously cut into his rant that he is for the little guy. Rise Up America makes the poor rich. Tom Friedman can’t abide that. It would destroy socialism and the “common good” tune he has been playing for years.

August 31, 2011

Goodbye Egypt, Libya and Syria – Our Manchurian President Completes His Mission

For several years I’ve listened to President Barack Obama and marveled at his telepromter skills. However, as much as he reminds us how American he is his actions scare the hell out of me. One of his questionable actions that give me pause is his support for the ouster of Middle-East dictators, Mubarak, Qaddafi and Assad.

Obama’s in-house media at NBC, CBS, ABC, MSNBC, etc. extol the success of the democratic revolutions in Egypt, Libya and Syria and call it the “Arab Spring.” They write those headlines with absolutely no critique of what those revolutionaries will do with the freedom they’ve earned.

We have let the mainstream media promote Castro in Cuba and Ayatollah Khomeini in Iran both to our everlasting regret. Is it happening again?

Even a casual understanding of the Middle East would have led the media to warn us about the repeat of the mistake Jimmy Carter made handing over Iran to the Mullahs of Islam. Early indications are that the Muslim Brotherhood is orchestrating the same type of takeover in those three countries and I believe Barack Obama has been helping them in their efforts.

Unfortunately “freedom” in the Muslim world is a world governed by Sharia law. No one knows that better than Barack Obama who learned his Sharia lessons as a young Muslim in Islamic schools in Indonesia. Essentially there is no freedom in Islam as the Koran and other religious texts prescribe a followers every move.

It is not a leap of fear I make in believing that our President has been assisting Islam in affecting the overthrow of anti-Islamic dictators to make way for the rule of the Mullahs. His bowing to the King of Saudi Arabia, his speech in Egypt, his anti-Christian and anti-Israel policies, his cleverly disguised ignoring of “political” Islam and his endorsement that Islam is only a religion and literally hundreds of other pro-Islamic moves leads me to believe he is Islam’s Manchurian candidate.

It is not beyond belief that young Barack upon learning that Mohammed was a “perfect person” patterned his life after him. – patterned it to ravage the Western world as Mohammed prescribed but with the belief that any heinous act justified the building of an Islamic caliphate. His “perfect person” indiscriminately killed his opponents and raped the wives of his supporters. Neither Mohammed nor his Sharia bears any resemblance to freedom with honor as known in the Western world. The fact that Obama is a “stealth” version of the “perfect person” only convinces me of his Manchurian status.

My heart hopes I’m wrong about our President but my head tells me otherwise.

Dick McDonald Ownership Society Institute

%d bloggers like this: