Is Social Security a Ponzi Scheme?
NO PONZI scheme in the history of the world has ever lasted 75 years. Ponzi schemes depend on garnering an ever-increasing pool of new investors to pay out returns to prior investors. When the potential pool of new investors runs dry, they collapse. This will occur when the scheme runs up against the natural limits of its recruitment strategy; in the ultimate case, it can't keep going past the point where the entire population is already subscribed"... By Contrast, "The entire population of working Americans has already been subscribed to Social Security for decades, yet the system continues to pay out benefits on time. That is because the actuarial calculations underlying its revenues and benefits are sound.
notes: "Social Security does face a shortfall in the coming decades, because of the population bulge of retiring baby boomers. Those costs are limited and, measured as a percentage of GDP, will flatten out. They can be absorbed through a modest, gradual increase in Social Security taxes and modest reductions in benefits for wealthier recipients."What Mr Perry is doing is part of a consistent decades-long habit across much of the conservative right of attacking the foundations of Social Security. Up until about 2007, the goal of such attacks was clear: conservatives wanted to replace it with a Chilean-style defined-contribution plan that would be invested in securities...but since the financial crisis, and with average returns from Wall Street now sharply negative over an entire decade, both the logic and the political support for any such program have evaporated.
Still it's fairly apparent that most Americans remain pretty hazy about the benefits of various social programs, and whether or not and/or how they actually benefit from them.Some of this is due to the phenomenon of "submerged social benefits" that have become known as " the hidden welfare state ," and remains especially true for all those pesky "tax expenditures" that now lard up our voluminous and complex federal tax code. There's a vast array of these subsidies, such as the home mortgage interest deduction and the deduction for employer-provided health care benefits that might be reformed to better align them with the fiscal realities of today.
Texas Health Insurance Rick Pool - News
During his tenure, Texas created a health insurance pool to sell policies to people with uninsurable medical conditions, Mr. Perry's office said, and received a multimillion-dollar federal grant to develop tools to increase private insurance coverage.
During his tenure, Texas created a health insurance pool to sell policies to people with uninsurable medical conditions, Perry's office says, and received a multimillion-dollar federal grant to develop tools to increase private insurance coverage.
There's a vast array of these subsidies, such as the home mortgage interest deduction and the deduction for employer-provided health care benefits that might be reformed to better align them with the fiscal realities of today.
The insurance requirement is intended to force healthier people who might otherwise forgo insurance into the pool of insured, helping to reduce private insurers' financial risk. Both appeals stressed the importance of resolving the overhaul's
The Texas economy thrives in large part because of the large pool of “independent contractors” aka, illegal aliens. They work for peanuts, don't require basic benefits like workman's comp, unemployment insurance, health insurance, workplace injury
Affordable Health Insurance in Houston, Texas | Health Resources
Continue your health insurance with COBRA. If you are a Houston, Texas resident who has lost his job, COBRA (otherwise known as the Consolidated Omnibus Budget Reconciliation Act of 1986) should be the first alternative you consider. Under COBRA, Houston, Texas residents can remain covered by their former employer-sponsored health insurance for up to 18 months after they have lost their jobs. Exhausted your COBRA benefits and state continuation rights? Perhaps it is time to look at the Texas Health Insurance Risk Pool. If you have reached your limit of COBRA benefits as well as your health insurance state continuation rights, you may be eligible for the Texas Health Insurance Risk Pool. Of course, you must have maintained some form of health insurance for the previous 18 months, and no break in coverage can be longer than periods of 63 days.
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