Showing posts with label ponzi. Show all posts
Showing posts with label ponzi. Show all posts

Monday, December 22, 2008

Madoff would be a perfect candidate to run Social Security

Madoff ponzi scheme = pay returns to past investors with current investors' money

Social Security ponzi scheme = pay returns to past contributors with current contributors' money


If we're real lucky, we'll call the position "Social Security Czar" in accordance with our government's continuing obsession with Soviet Russia.