social security

is a mixed bag. While only a grinch could grumble about the most effective anti-poverty program in history, only a fool would fail to ask whether the Ponzi scheme is sustainable, and at what price.

Matthew Miller, a senior writer for The New Republic, published a long piece on the future of Social Security. Miller begins his TNR article by recounting the U.S. Senate hearing on Social Security at which he and others had just testified. Miller praises Republican Sen. Alan Simpson for treating social security commissioner Shirley Chater at the hearing as though she were peddling 'an audacious hoax.' Miller goes on to say: 'Only a grinch could grumble about the most effective anti-poverty program in history... but only a fool would fail to ask whether the Ponzi scheme is sustainable, and at what price.' At another point Miller calls Social Security's actuarial troubles 'Ponzi's revenge.'

Matthew MillerThinkers

Matthew Miller