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IPFS News Link • Economy - Economics USA

Government Keeps Pressing Ponzi Schemes

• NewsReal
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.

2 Comments in Response to

Comment by RickStone
Entered on:

 Has anyone come to the suspicion that Lucky Red is a police or FBI provocateur? He seems to disagree with anything and everything and is always trying to insult or stir up peoples negative emotions. For someone that is so unhappy and disagrees with so many articles on FP it begs the question. Why are you here and why don't you go to other sites that follow and mirror your political views ? You agree with nothing and contribute nothing but annoying static. Which department do you work for? 

Comment by Lucky Red
Entered on:

 Helloooooooo!  The government IS a ponzi scheme!



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