Now that he doesn’t have to function as a full-time apologist for the Bush Administration, Rush Limbaugh has returned to what he built his career on: bashing so-called “liberals.” This was evident during his recent appearance on the new Jay Leno Show, on which he went right after Barack Obama and surprisingly garnered a fair amount of applause.
At one point, Limbaugh mentioned the failure of Social Security and Medicare, given that the two institutions are effectively bankrupt. Leno countered by saying that Limbaugh’s assessment only considers “profit” as the barometer of success, whereas the programs actually exist to “help” people and have not failed in the least when this is factored in.
What Leno doesn’t understand and Limbaugh didn’t point out, is that we’re not talking about a simple inability to turn a profit. We’re not talking about entities that just break even or operate a bit in the red while struggling to stay afloat. We’re talking about utter and massive insolvency.
Medicare is already paying out more than it takes in and Social Security soon will be. For this reason, it’s no surprise that Ponzi schemes tend to be illegal, unless of course the schemes are government-run. When the government decides to operate a Ponzi scheme, it plays for keeps, as the “customers” are recruited at gunpoint, and those who refuse to “invest” get thrown in a cage or worse. And that’s what we have in America’s prized Social Security and Medicare systems — a completely unsustainable pair of programs that take (i.e. extort) money and then dole it back out to the lapping masses. A Ponzi scheme.
Mr. Leno seems to believe it’s okay to adopt completely failed business models that have the potential to wreck entire economies, so long as one can nebulously claim the failure is somehow “helping” people. Isn’t there a better way, Jay? Maybe one that doesn’t require violence?
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” This was evident during his recent appearance on the new Jay Leno Show, on which he went right after Barack Obama and surprisingly garnered a fair […….