The so-called “debates” among Republican presidential aspirants are classic examples of the media spreading misunderstanding instead of enlightenment. The ancient admonition, “With all your getting, get understanding” has been replaced in the media by, “With all your getting, get sound bites — and, if possible, ‘gotcha’ sound bites.”
After all the media hype over Gov. Rick Perry’s having called Social Security “a Ponzi scheme,” viewers are no more informed than before as to what specifically is a Ponzi scheme, what are the objections to such schemes, and whether those same objections apply to Social Security.
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