Social Security

I sometimes like to tease my more Progressive friends by adopting a hee-haw, 'hickish' accent and calling it "Socialist Security" (or "Socialist Insecurity"), but the truth (as always) is more complex than that.

"The Social Security and Medicare ‘Trust Funds’ Are a … What’s the Word? | Cato @ Liberty"
http://www.cato-at-liberty.org/the-social-security-and-medicare-trust-funds-are-a-whats-the-word/

"Social Security Trust Fund - Wikipedia, the free encyclopedia"
http://en.wikipedia.org/wiki/Social_Security_Trust_Fund

Further, it's neither a trust fund completely nor completely pay-as-you-go, but the PAYG.the fact that wholly certainly complicates non-partisan discussion on the matter.


Updates:

• Don Boudreaux on the Social Security Trust Fund.
  http://cafehayek.com/2011/02/why-do-we-take-these-people-seriously-exhibit-34577.html
• http://agoraphilia.blogspot.com/2005/02/metaphor.html
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