Semi-unofficial Chairman of the Hubbard City Cafe, Billy Roy Mitchum, loves Ronald Reagan, and it all started when he heard someone ask Reagan how the government was going to solve a particular problem. He answered, "The government doesn't solve problems, the government is the problem." In a rare show of domination, BM seized the Cafe's stage on this particular day in a show of passion. "With huge arguments just around the bend on how the government is going to solve our entitlement problems, which have bankrupted the country, we need to be careful about compromising with Socialists. They will agree to anything as long as they can get control. I saw a comparison that everyone needs to understand. Here it is:
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. Not enough of the folks know that the government has been screwing tax payers, Madoff style, for years.
Yep, I repeat, Madoff screwed his investors just like the Congress has been screwing 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 and privileges, fly in tax paid jets, and lie to the public like dogs.
Do you need a direct comparison? Well, here it is:
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 Hampton's and yachts.
Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying for their own re-elections.
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 leaving future problems to future generations.
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 more while blaming 'the other party'.
Bernie Madoff is in jail.
Politicians remain in Washington arguing the government should be working in a bi-partisan way to 'solve' all of our other problems like energy, global warming, wall street, local school curriculum and menus, marriage, gun ownership, conservative talk shows, and of course enabling illegals to vote while they continue to leave our borders open for drug dealers and the entry of more illegals.
This is why a real economist, Milton Friedman, said, 'If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand'. And now Obama and crew have put the government in charge of health care, 1/6 of the economy, giving the government control of our health as well of our economy. Give the government ten years managing health care and they will solve the retirement problem because most folks won't live long enough to retire.
Well my Dad always said good judgment comes from experience, and a lotta that comes from bad judgment. We can't let Obama do the same thing to health care (the greatest system in the world) that they have done to Social Security. Promise to pay for every one's health care with no limitations. Then , when they run out of money, they will increase taxes again on the 'rich' (no harm there, right?). When they run out of the rich's money (which won't take long), they will cut back and ration health care like any other third world socialist country. We will run out of health care just like we'd run out of sand in Friedman's Sahara."
Think about it,