Posts Tagged ‘prisoners’

Why did Bernie Madoff go to prison?

October 25, 2010

Why did Bernie Madoff go to prison?

So simple a caveman could understand. 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 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, privileges and status in spite of their actions.

Do you need a side-by-side comparison here?  Well here’s a nifty little chart.

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.

“The taxpayer: That’s someone who works for the federal government but doesn’t have to take the civil service examination.”   Ronald Reagan

“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.”      Milton Friedman

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Late Night Obama Bashing

March 13, 2010

Late Night Obama Bashing

The liberals are asking us to give Obama time.
We agree and think 25 to life would be appropriate.
America needs Obama-care like Nancy Pelosi needs a Halloween mask.
— Jay Leno

Q: Have you heard about McDonald’s new Obama Value Meal?
A: Order anything you like and the guy behind you has to pay for it.

— Conan O’Brien

Q: What does Barack Obama call lunch with a convicted felon?
A: A fund raiser.

— Jay Leno

Q: What’s the difference between Obama’s cabinet and a penitentiary?
A: One is filled with tax evaders, blackmailers and threats to society.

The other is for housing prisoners.
— David Letterman

Q: If Nancy Pelosi and Obama were on a boat in the middle of the ocean

and it started to sink, who would be saved?
A: America!
— Jimmy Fallon

Q: What’s the difference between Obama and his dog, Bo?
A: Bo has papers.

— Jimmy Kimmel

Q: What was the most positive result of the “Cash for clunkers” program?
A: It took 95% of the Obama bumper stickers off the road.

— David Letterman


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