| 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 Security runs out of money they simply force the taxpayers to send them some more. |
| Bernie Madoff is in jail. |
Politicians remain in Washington . |
via Institute for Truth in Accounting - Blog.