Posted: June 15, 2012 in Uncategorized

“Short-term politicians, who are in the game for mere fistfuls of years at a time, don’t often look far enough ahead and fail to consider the consequences of their mainly short-term visions. Some nations run their aged pensions, healthcare and even whole budgets as unsustainable Ponzi schemes, relying on an ever-increasing population and exponentially-growing deficits to finance their unrestrained spending (161). If they weren’t the government, this would be illegal.”

161. Ulmer, George. Secret #5: The Largest Ponzi Scheme in the Country is Medicare. The Online Investing AI Blog. [Online] 20 Apr 2009. [Cited: 16 Mar 2010.] http://www.onlineinvestingai.com/blog/2009/04/20/secret-5-the-largest-ponzi-scheme-in-the-country-is-medicare/.


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