Not a Ponzi scheme

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From Flo Smith, Wolverine Lake:

Texas Gov. Rick Perry has called Social Security a Ponzi scheme. Yet nothing could be further from the truth. Throughout its 70-year existence, even in times of war and during recessions, Social Security has never failed to deliver monthly checks. In its present state, the system is solvent until 2037 and with a few minor changes, it will continue to be solvent far into the future.

There is a great deal of confusion and misunderstanding about the Social Security system. If you would like to learn more about Social Security, a three-page booklet of facts is available for the price of a postage stamp. All the information is valid and sources for additional information are included. Send a stamped, self-addressed envelope with your request to: Gray Panthers of Metro Detroit, P.O. Box 37033, Oak Park, Mich. 48237.