Dec 13, 2008

Let's Play a Game...

...I'll post a definition and you guess the concept:

... an ... investment vehicle that pays off old investors with money from new ones, and is dependent on a constant stream of new investment. Because the invested capital is not earning a sufficient return on its own, such schemes eventually collapse under their own weight.

Okay. Let's play:

This best describes:
My latest investment.
Social Security as Managed by Congress
A Congressional Compensation Package
UAW Retirement Account
Ponzi Scheme
All of the above.
  
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8 comments:

Mike Wilson said...

no "all of the above"?

Joan of Argghh! said...

Hee-haw. I guess I should, huh?

:o)

C.S. Perry said...

Why does this post make me so angry?
Oh yeah...America.
Well, don't worry. When Obama takes the reigns...he'll fix it all.
He's magic you know.

Joan of Argghh! said...

Just a reminder folks, the illegals are NOT paying into the scheme...

:o)

Anonymous said...

Run Forrest, RUN! ;~)

Velociman said...

Ponzi did 11 years behind bars. How many years will Chris Dodd serve? And it's probably a good thing that Barney "Glory Hole" Frank doesn't have any teeth.

Joan of Argghh! said...

How many years will Chris Dodd serve?

Oh wait! I know the answer: "0"

Mike Wilson said...

toldja ;)