Tuesday, February 9, 2010

Bernie Madoff and SOCIAL SECURITY

Heard from Neal Boortz today. He did an comparison between Bernie Madoff and SOCIAL SECURITY, and it amazed me how much similar the two have in common! I never thought of this before.

Here is the link to the website of the original post:


In short:
Madoff takes money from investors and promise them returns, same as Social Security. And both of them instead of invest the money, they spent it for their own needs (Social Security was spent by politicians to buy votes).

The only difference is Madoff went to prison when his scheme didn't work out, but politicians were not affected at all when Social Security went to red.

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