Here’s Some Excellent Political Satire

from Scott Ott at dcexaminer.com - - -

Just hours after firing General Motors CEO Rick Wagoner for mismanaging the giant firm which has thus far received $26 billion in taxpayer cash to stay afloat, President Barack Obama announced that Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi have been placed on administrative leave pending an investigation into similar allegations.

"We cannot give the appearance of using tax dollars to reward leaders who have done a poor job," said Obama. "The message is clear. If you take billions from the taxpayers you answer to a new boss -- the chief executive. In November, I inherited a failed banking system, a failed auto industry and a failed Congress. Americans demand action. Heads will continue to roll."

The president said Reid and Pelosi have "overseen an unprecedented spending binge, while some of their major brands have nearly collapsed through mismanagement, malfeasance and plain old stupidity."

"Their insurance products -- Social Security, Medicare and Medicaid -- are actually elaborate Ponzi schemes," he said, "paying early investors with cash from later investors without creating an ongoing insurance fund. Bernie Madoff is behind bars for doing the same thing."

The rest of Ott’s satirical piece is here.

I smiled at everything Ott wrote except the last graf you see here about the federal government’s “insurance products” being nothing more than “elaborate Ponzi schemes.”

That’s so true, it’s painful.

Too bad almost all our newspaper editorial writers avoid reminding us they’re Ponzi schemes.

And what’s worse, most editorial writers encourage the public to invest through tax payments more heavily in those government Ponzi schemes, just as Madoff encouraged people to invest in his Ponzi scheme.