now THAT explains it. IF you don't understand NOW, then go back to sleep. And
i believe it holds true with other Nations using the similar entitlements.
sign me
daniel karl seigler, born in Fort Benning, Cussetta County, Georgia, son of
Clarance Roland O'Neil Seigler, born in Ozark, Dale County, Alabama, son of
Thomas Malcolm Seigler, born somewhere in Alabama
From:
So Simple a caveman
could understand:
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.
Madoff did to his
investors what the government 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.
Do you need a
side-by-side comparison here? Well here's a nifty little
chart.
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"
and made available 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 use it for general spending and vote
buying.
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.
When benefits for older
investors become due the politicians pay them with money taken from
younger and newer wage earners to pay the geezers.
When Madoff's scheme is
discovered all hell breaks loose. New investors won't give him any more
cash.
When Social Security runs
out of money they simply force the taxpayers to send them some
more.
Bernie
Madoff is in jail.
Politicians remain in
Washington .
"If you put the federal government in charge of the Sahara Desert , in
five
years
there'd be a shortage of sand."
Milton
Friedman
PASS THIS
ON!
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