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Monday, September 19, 2011
MRC Admits Social Security-Ponzi Scheme Is Bogus -- But Runs With It Anyway
Topic: Media Research Center

Slavishly toeing the conservative line, the Media Research Center has embraced the erroneous idea that Social Security is a Ponzi scheme -- so much so that it lashes out anyone who proves otherwise.

That's what Clay Waters did in a Sept. 13 MRC TimesWatch post. He dismissed a New York Times blog post debunking the Social Security-Ponzi scheme comparison as a "liberally slanted fact check" by "two liberal reporters." Waters makes no attempt to disprove the fact-check -- thus conceding the factual basis that there is no connection -- but declares that the reporters are stupid for clinging to silly facts because the bogus comparison works as a talking point for right-wingers:

[Reporters Michael] Cooper and [Nicholas] Confessore seem unable to conceive that “Ponzi Scheme” is a (potent) metaphor for the unsustainable state of Social Security’s current financing trajectory (one that liberal MSNBC host Chris Matthews has also recently employed), meaninglessly faulting Perry for his comparison not being an exact match in all particulars.

But, again, Waters offers no evidence that it matches up at all. In other words, winning a political argument matters more to Waters than the truth.

Anyone surprised? We're not.

Posted by Terry K. at 12:06 AM EDT

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