BERNIE MADOFF  |    SOCIAL SECURITY  |   
Takes money from investors with the promise that the money   will be invested and made available to them later.  |    Takes money from wage earners with the promise that the money   will be invested in a "Trust Fund" (Lock Box) and made available to them later.  |   
Instead of investing the money Madoff spends it on nice homes   in the Hamptons  and yachts.  |    Instead of depositing money in a Trust Fund the   politicians  grab it for their General Fund and use it for general   spending and vote buying.  |   
When the time comes to pay the investors back Madoff simply   uses funds from newer investors to pay back the earlier ones.   |    When benefits for older investors become due the politicians   pay them with money taken from younger and newer wage earners to pay the   older geezers.  |   
When Madoff's scheme is discovered all hell breaks   loose.  New investors won't give him any more cash. Scheme collapses.  |    When Social Security runs out of money the politicians, cut benefits, force   the taxpayers to send them more, and keep taking more for themselves.  |   
Bernie Madoff goes to jail.  |    Politicians remain in  Washington . . . with fat paychecks, expense accounts, and medical   and retirement benefits.  |   
"Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant, and a fearful master." . . . George Washington
Friday, August 5, 2011
Side-By-Side Comparison of Two Ponzi Schemes
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