A few weeks ago before the Utah State Republican convention, I was at a meeting with Congressman Jason Chaffetz at the holiday Inn express in American Fork, Utah. I made a short statement and asked Congressman Chaffetz a question.
"Congressman a few years ago my company had a great client located in Tennessee that figured out how to burn garbage with zero oxygen present and create carbon while at the same time creating a Megawatt of electricity with which they provided power to the locals. They then sold the carbon to nurseries as fertilizer. The guy they hired to raise money for them in Denver was paying the people who had invested first with the money of the people who were now investing. This of course was a "ponzi" scheme and the SEC shut them down and threw them in prison.
Question: Can you please explain the difference between what this company did and what congress has done with Social Security and why congress has not been shut down by the SEC? Might I add that the company in Tennessee was profitable and paying salaries to employees, and taking crap and turning it into something useful, while congress is not profitable and takes something useful and turns it into crap.
Congressman Chaffetz replied. "There is no difference between the two examples other than congress can get away with it. Here is what I have proposed to fix the Social Security over the last few years..."
Wow a congressman who admits how bad congress has been with our money. Congressman Chaffetz received my vote at the State Convention. Nice work congressman Chaffetz.
