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A Bailout for Charities
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It is ironic that there is tremendous outrage over Bernard Madoff's alleged $50 billion Ponzi scheme while every working American is forced to participate in one called Social Security. If a Ponzi scheme is defined as one "in which early investors were paid off with the money from new clients" ["Hedge Fund Executive Sued by NYU Over Madoff Losses," Business, Dec. 25], how is Social Security any different?
For decades, presidents and Congress have paid lip service to Social Security, but now they can't even get some lipstick on this pig. With baby boomers about to drain Social Security, it's time to fix it, eliminate it or hold someone accountable so that Mr. Madoff can have a few new friends in the big house.
BRAD BURNS
Great Falls
