tag:blogger.com,1999:blog-3758330678390419129.post594710365893227623..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Robert Pozen Interview: Is Social Security a Ponzi Scheme?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-28749983807623051012012-10-29T08:58:19.157-04:002012-10-29T08:58:19.157-04:00Robert, your show is so great! It needs to be in P...Robert, your show is so great! It needs to be in Podcast form!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60447451727615374602012-10-28T22:05:17.330-04:002012-10-28T22:05:17.330-04:00Pozen was PWNED, as the kids say. He was too stupi...Pozen was PWNED, as the kids say. He was too stupid to even realize how stupid his arguments sound to economically literate people. Good one!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11386082112771840472012-10-28T15:31:10.481-04:002012-10-28T15:31:10.481-04:00I totally agree with Pozen's suggestion to rea...I totally agree with Pozen's suggestion to read the introduction and conclusion to articles first. It makes it easy to determine if an article is worthwhile. I find it especially true with Wenzel's posts since he often has a "bottom line:" segment at the end.Nick M.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91574029948403773322012-10-28T14:46:43.467-04:002012-10-28T14:46:43.467-04:00I look forward to these weekly interviews, Mr. Wen...I look forward to these weekly interviews, Mr. Wenzel. When you scheduled Mr. Pozen did you inform him that you also wanted to ask questions about topics not covered in his latest book?<br /><br />You were very successful getting Mr. Pozen to concede that the SS Admin is holding nothing more than IOU's from the general government, and that some form of means testing will be government's Phil Jonesnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84635820899378857982012-10-28T14:09:58.487-04:002012-10-28T14:09:58.487-04:00SS is not a Ponzi scheme. A Ponzi scheme is volun...SS is not a Ponzi scheme. A Ponzi scheme is voluntary and there is nothing voluntary about SS. Judy Morrishttps://www.blogger.com/profile/01012182127763652206noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6517304628256396922012-10-28T11:33:14.569-04:002012-10-28T11:33:14.569-04:00Let me see if I understand this correctly. Social ...Let me see if I understand this correctly. Social Security payroll tax was higher than the cash flow need. The social security “trust fund” loaned the excess amount to the government. These “assets” for the social security are future liabilities for the government. No doubt the justification for the higher payroll tax above the cash flow need was to prevent the necessity to raise the payroll Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16920247099797722362012-10-28T09:55:23.853-04:002012-10-28T09:55:23.853-04:00Great interview! Dr. Pozen well represents the ric...Great interview! Dr. Pozen well represents the rich elite. Dr. Pozen doesn't feel that the lower economic class can take care of themselves, therefore it's up to people putting their savings into 401Ks and IRAs to take care of them. Interesting that Dr Pozen believes that if a wage earner saves for retirement using a 401K or IRA that they are receiving a benefit from the government Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34881628969915416402012-10-28T08:45:23.627-04:002012-10-28T08:45:23.627-04:00You did good extracting the fact he is a central p...You did good extracting the fact he is a central planner. You just ask questions which is great.<br /><br />Pretty frustrating for me to listen to this guy though as I woke up at 4 AM to work this morning. Did I wake up early to get extra work in so I can provide a good life for the baby I'm 8 months pregnant with? Or, did I wake up at 4 am to guarantee some person who is too irresponsibleStellanoreply@blogger.com