Billionaire Thomas Friedman laughs at idiots from his $9 Million mansion.
Too cool, I have wanted some to say this to Friedman for decades
If any private enterprise was hawked to consumers and run like the SSS-they’d be arrested for fraud AT THE LEAST!
Santelli bump.
The look on Friedman’s face is priceless.
For later
Friedman is a fatuous lard azz.
Seriously, I could hear him getting fatter during the video.
|
BERNIE MADOFF |
SOCIAL SECURITY |
|
Takes money from investors with the promise that the money will be invested and made available to them later |
Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later. |
|
Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts. |
Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying. |
|
When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors. |
When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers. |
|
When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash. |
When Social Security runs out of money they simply force the taxpayers to send them some more. |
|
Bernie Madoff is in jail. |
Politicians remain in Washington. |
The idea of SS was the working generation of Americans would help support the retired generation of Americans. This worked pretty well when there was some 8-15 Americans working to support the retired. There still is 15 or more workers but now they are in other countries and do not pay into the SS system, nor does their employers. So SS can no longer work unless SS is charged on all imported goods. Our exported economy claims another scalp.
Libs that think referring to SS as a ponzi scheme will hurt a politician these days are living in the past.
Bump!
Billionaire Thomas Friedman laughs at idiots from his $9 Million mansion.
Any question that makes Friedman look stupid when he can't answer it is, apparantly, "idiotic."
The only answer Friedman even attempted to offer came down to this: Ponzi schemes are illegal, and Social Security is a government program. Friedman's logic apparantly runs like this: Ponzi schemes are illegal, and nothing the government does can be illegal, and Social Security is run by the government, so therefore Social Security is not a Ponzi scheme.
Anyone who would offer such an answer is, as far as I'm concerned, idiotic.
He's idiotic because either (a) he thinks the public is made up of idiots, or (b) he actually believes his answer.
Does Santelli ever say anything I don’t agree with?
>> Rick Santelli, known to some as the father of the tea party movement
Perhaps like Edison to the light bulb; it was going to happen anyway.
It’s not a ponzi scheme. It just looks, acts, feels, smells, works and costs like a ponzi scheme.
But it’s not a ponzi scheme.
I remember Friedman going to the Detroit Show and lambasting the big 3 for SUV's and how he hated the "Excursion", and how they couldn't build cars like the Japanese.
The Darn fool didn't realize the niche(s) it filled, especially in industry and how ranchers are now the 2nd-ary market for them.
I bet Friedman wishes he bought some Ford Stock in March of 09' but that is another story for another day...
IMHO he got PWNED by Rick...