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Madoff’s Scheme Is Nothing Compared to Social Security

June 29, 2009

Bernie Madoff is off to jail for 150 years, as he should.

He seemed to have a knack for taking in people’s money yet not having in money in their account when they claimed it.

Same for Social Security. Yes, there are IOU’s with no money behind them at all. The surplus from Social Security goes to credit the debt so it does not look so bad.

When Social Security went off budget, it went off track.

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