Why did Bernie Made-off go to prison? To make it simple, he talked people into investing with him. The 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 Made-off 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. Made-off 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.
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." ~ Milton Friedman
IT IS REALLY GETTING HARD TO CUT THROUGH ALL THE ORAL DIARRHEA FLOWING OUT OF WASHINGTON, D.C.
Our elected representatives no longer represent "We The Peeps". Its time, folks, to start a concerted effort to replace a lot of these buttheads. Just watch them in High Definition TV, and you will see how full of crap they are......they all have brown eyes!