Social agencies worse than Madoff

From hattiesburgamerican.com:

As bad as Bernie's corruption has proved to be, there is another offender that attracts little or no attention and is completely legal. This offender manipulates 100 times more money and affects almost everyone.

If you haven't figured it out yet, the major predator of which I speak is Social Security and Medicare. When the FDR administration created Social Security in 1935, they built in a fundamental flaw. It was assumed that the ratio of workers to beneficiaries would always be the 42 to 1 as it was in 1945, but now it's 3 to 1. I'm sure some of you are saying that there is still a big lockbox of money out there that has built up over the years. In fact, the lockbox now contains approximately $2 trillion. All good, except for the fact that Lyndon Johnson put the trust fund monies on the federal budget in 1965.

The trust fund now consists completely of official U.S. government IOUs. I would rather they refund the entirety of contributions made on my behalf and let me out of this scheme.

Compared to Social Security, Bernie Madoff is a small-time, insignificant crook.