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The Social Security Scheme
Quoting Paul Mulshine:
Madoff [with his Ponzi scheme] at least made an attempt to invest the money he got from early investors to give them the returns he promised. [...] The federal government, on the other hand, never tried to make the Social Security system work. The feds didn’t invest the money in the market. They took the money that we gave them and lent it to themselves, promising themselves interest. To be paid by themselves. [...] This scheme is even more crooked than Madoff’s.
Indeed. Maybe we can arrange to have them manage our health care, too.
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