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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Sunday, February 14, 2010

THIS ONE ALMOST SLIPPED BY ME

Nealz Nuze on boortz.com
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."  --  Frederic Bastiat

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 60 years with Social Security. There is no meaningful difference ....


posted by HeavyHanded at 7:33 PM

3 Comments:

  • Uh, there is a major difference between the two: People voluntarily invested with Madoff (though induced by fraud). Social Security and Medicare "contributions" are taken by force of law and the threat of prison or violence if you resist arrest. I'd chalk that up to a significant difference. Oh, and with Madoff, his crime involved only billions and involved a relatively small group of people. The government's crime is measured in trillions and affects an entire nation and generations of citizens.
    Just saying...

    By Blogger Amendment X, at 10:15 AM  

  • You raise some good points. If you read the complete article, the jest of it was people were upset with Madoff (rightly so) but think Social Security is okay.

    The principle of both are much the same.

    But of course, as you point out, the size and scope of S.S dwarfs the Madoff ponzi scheme.

    By Blogger HeavyHanded, at 1:11 AM  

  • The author, Neal Boortz went on to say: "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."

    That is a major difference.

    By Blogger HeavyHanded, at 1:15 AM  

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