Under the guise of "Stuff you can't make up", kirk posted a parody about ObamaCare.There is more to financial burden that just health care. How about Social Security?
Subject: Bernie Madoff Vs Social Security
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on, he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know, Madoff is one of the most hated men in America and he is off to jail.
Some of you know this… but not enough of you do. Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes… except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.
Do you need a comparison? Well here's a nifty little Table.
BERNIE MADOFF:Takes money from investors with the promise that the money will be invested and made available to them later.
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SOCIAL SECURITY: Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.
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BERNIE MADOFF: Instead of investing the money, Madoff spends it on nice homes in the Hamptons and yachts.
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SOCIAL SECURITY: Instead of depositing money in a Trust Fund, the politicians use it for general spending and vote buying.
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BERNIE MADOFF: When the time comes to pay the investors back, Madoff simply uses some of the new funds from newer investors to pay back the older investors.
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SOCIAL SECURITY: When benefits for older investors become due, the politicians pay the old geezers with money taken from younger and newer wage earners.
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BERNIE MADOFF: When Madoff's scheme is discovered, all hell breaks loose. New investors won't give him any more cash.
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SOCIAL SECURITY: When Social Security runs out of money, they simply force the taxpayers to send them more.
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Bernie Madoff is in jail.
The politicians remain in Washington .
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'The taxpayer: That's someone who works for the federal government but doesn't have to take the civil service examination.' - Ronald Reagan
