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Bernie Madroff's Ponzi Scheme Was Not The Largest In History. That Would Be The U.S. Social Security Systems Legacy.
Ida Mae Fuller, the first Social Security recipient, paid in less than $25 into her 'account' before retiring. She received almost $23,000 in benefits over her remaining life. Her account certainly did not accrue that much in interest in the three years she paid into the system. Social Security is a ponzi scheme that will fail because of the retirement of the baby boom generation that will require more workers to support it than are available.
 Bugman  05 Jan 2009 10:46
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