The Ghostfighters

January 9, 2011

Social Security — So Simple a caveman could understand‏

Filed under: Uncategorized — prowlland @ 2:06 am

 

Social Security 

So Simple a caveman could understand:

Why didBernie 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.

Madoff did to his investors what the Congress has been doing to us for over 70 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.

 

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: