Most of the liabilities the government has incurred in the postwar period have been kept off the books because of the way we’ve labeled our receipts and payments. The government has gone out of its way to run up a Ponzi scheme and keep evidence of that off the books by using language to make it appear that we have a small debt.Isn't it amazing how outlandish subterfuges such as keeping government liabilities "off the books" become just accepted facts of national life, like winter snow and spring flowers?
And Social Security is clearly a Ponzi scheme, a scam from the git as evidenced by the payout to the first recipients who made out like bandits because they'd contributed nothing to the (LOL) "Trust Fund," another example of our precious national semantic legerdemain. The Social Security Administration's explanation of why Social Security is not a Ponzi scheme is bullshit piled on bullshit.
"Multiculturalism" is another gem, as is "comprehensive immigration reform." Complete bullshit either one but so much a part of our national debate today a diesel locomotive couldn't pull either terms out of the politicians' armamentarium.
Grown people use these terms in their daily speech.
"Climate change" is the latest greasy locution. When the temperatures wouldn't cooperate in recent years by showing global warming, well, late-stage American democratic Republican luminaries embraced "climate change," and this mendacious term just slid effortlessly into the vocabulary of the lying press and other members of the Treason Class like $90,000 into Congressman William J. Jefferson (D-La.) freezer.
 Economist Laurence Kotlikoff, an expert on the national debt, quoted in "Economist Laurence Kotlikoff: U.S. $222 Trillion in Debt." By Joseph Lawler, The Mark Up, RealClear Policy, 12/1/14.