Is Social Security a Ponzi Scheme?
When federal agents showed up at his apartment in December, Bernard Madoff admitted he had "paid investors with money that wasn’t there," was "broke" and knew "it could not go on." Could we be saying the same thing about Social Security and Medicare in a few years? SOURCE ...
TARP: Troubled Asset Relief Program or Wall Street Feeding Frenzy?
But the act placed very few restrictions on how the money could be used. So its not surprising that the use of the funds changed from purchasing troubled assets to direct injection of capital (taxpayer provided) into a handful of financial institutions who promised to make those funds available for loans. It now appears that some of those institutions have chosen to pay bonuses and dividends that they would not otherwise been able to afford without the injection of government funds. [We got ours, thank you. :) ~snicker~] SEE VIDEO: The TARP Song
SUICIDAL SPENDING
The United States faces large and growing budget deficits mostly due to an aging population and rising healthcare costs. Unless we solve the problems caused by entitlement spending, there will be little money left to do anything else in the future. Over time, our standard of living, our national security, our standing in the world and the value of our currency could all be threatened. The sooner we confront these issues, the better. This video presentation explains the problems.
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