Former judge Andrew Napolitano said on Glenn Beck’s Fox News TV program that the federal government is involved in Ponzi schemes far bigger than recently convicted embezzler Bernard Madoff (whose actions crippled left-wing philanthropies) ever imagined.
Everything the government runs is bankrupt: Medicare is broke; Medicaid is broke; the Post Office is broke; Amtrak is broke; Social Security is a bigger Ponzi scheme and bigger fraud than anything Madoff ever dreamed of and it is broke. The government consumes wealth; private industry produces wealth. The government and private enterprise are the opposite: If private enterprise fails to produce what consumers want or fails to return a profit to investors, it goes out of business.
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