Tag Archives: News and Observer

Social Security and The Ponz[i]

Rick Perry made waves; lot’s of waves.  He compared Social Security to a Ponzi Scheme.  And in so doing, open a massive wave of defense for the gentle program.  I suspect that more people have issue with the implicit, or explicit, slight on Social Security than they do with the actual definitions of the scheme itself.

In other words, I firmly believe that people are afraid to admit that their faith in the program called Social Security is more based on emotion than on actual facts.  This can be demonstrated whenever you enter into a conversation with anyone on the topic of Social Security reform.

Anyway.  I was willing to let sleeping dogs lie, but then I found these two gems, back to back, in the Letters to the Editor page of my local newspaper.

Ugh.

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North Carolina Rail

North Carolina is interested in building out it’s light rail infrastructure.  And, in those places that make sense, it should.

For example, if there is a destination that has significant traffic, it might make sense to install some form of rail service to alleviate traffic or even draw revenue.

The problem with such plans?  Trains have to run on tracks.  And tracks are both expensive to build and impossible to move.  They are where they are and nothing can be done concerning the “ad hoc” needs of commuters.

So rail planning HAS to rely on data, good data, well thought out data aboiut the goals and ability to meet ’em.

Most, including the News And Observer, don’t do their due diligence.

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