Medicare, Social Security Funds Expiring Sooner, U.S. Says – Businessweek.
The difference between Bernie Madoff and the US Government is that Madoff is in prison, and that social security is a much bigger Ponzi scheme than he ever perpetrated. None of the politicians are dealing with the fundamental immorality of the whole thing — it’s theft. They’re simply taking money from the kids and grandkids and giving it to the grandparents. But because the grandparents are a bigger voting group, there’s no one to help the victims of this crime.
The Democrat strategy is to do nothing but ridicule any solution the Republicans are foolish enough to propose, and even under Paul Ryan’s proposal the program will eventually go belly up — just not as soon. Ponzi schemes always do. Either way, all we’re doing is kicking the can down the road. Social security, Medicare, and Medicaid are all doomed. The only responsible thing to do is gut those programs immediately.
But doing the responsible thing has never the US Government’s forte; the very existence of social security is proof positive of that.
~ Manny Edwards