Soc. Security -- So Simple a caveman could understand

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 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.

Do you need a side-by-side comparison here? Well here's a nifty little chart.

<table style="border-bottom: 1pt solid windowtext; width: 89%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" border="1" cellpadding="0" cellspacing="0" width="89%"> <tbody> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%">

]BERNIE MADOFF ​

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%">

SOCIAL SECURITY ​

</td></tr> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%"> Takes money from investors with the promise that the money will be invested and made available to them later.

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%"> Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.

</td></tr> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%"> ]Instead of investing the money, Madoff spends it on nice homes in the Hamptons and yachts.

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%"> Instead of leaving the money in a Trust Fund, the politicians borrow and use it for general spending and vote buying.

</td></tr> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%"> []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.

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%"> When benefits for older investors become due, the politicians pay them with money taken from younger and newer wage earners to pay the geezers.

</td></tr> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%"> When Madoff's scheme is discovered, all hell breaks loose. New investors won't give him any more cash.

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%"> When Social Security runs out of money, they simply force the taxpayers to send them some more.

</td></tr> <tr> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 47.48%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="47%"> Bernie Madoff is in jail.

</td> <td style="border-bottom: 1pt solid windowtext; padding: 0in; width: 52.52%; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext;" width="52%"> 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."- ??

"If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand."

 

ssssssuuuusssscccchhhhh QS, Don't tell everyone, YET... I start collecting mine this summer, and need them to keep putting their MONEY in, SO I can GET MINE OUT....

 

Very true, Quigs. And most likely, the SS will be completely bunk in no time anyway with an economic collapse. Argentina went through their collapse recently, and one of the first seizures was the retirement program. In fact, I wonder just how many veterans and soldiers will pay into the ever-deepening pockets of Washington criminals. It's sickening.