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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Bernie Madoff v US government

Posted on | December 22, 2010 | 1 Comment

Bernie Madoff vs the US Government
InboxX

 Reply |Ms Miki Booth
show details 3:42 PM (2 hours ago)
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 theHamptons 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  .

 
‘The taxpayer: That’s someone who works for the federal government but doesn’t have to take the civil service examination. ‘ – Ronald Reagan
 
  “If you put the federal government in charge of the Sahara Desert , in five years there would be a shortage of sand.    Milton Friedman
PASS THIS ON !

IT IS TIME TO LOWER THEIR SALARIES AND CUT THEIR BENEFITS FOR THE AMOUNT OF DAYS THEY “WORK”(123).
HOW MANY OTHER PEOPLE IN THIS NATION PUTS IN SO LITTLE TIME AND GET WELL OVER A HUNDRED THOUSAND DOLLARS A YEAR???? “WITH THE TYPE BENEFITS THEY GET”????
NOT ONLY THAT BUT THEY ARE “EXEMPT” FROM THE “LAWS” THE REST OF THE NATION HAS TO FACE!!!!!!!!!!!!
COME ON AMERICA, WAKE UP!!!!!!
THE POLITICIANS ARE DESTROYING AMERICA!!!!!!
 
PASS IT ON!!!!  THE INTERNET IS THE “ONLY WAY” AMERICA CAN GET INFORMED!!!!!!

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Comments

One Response to “Bernie Madoff v US government”

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