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 Securityruns out of money they simply force the taxpayers to send them some more. |
Bernie Madoff is in jail. | Politicians remain in Washington . |
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