A Quote by John Stossel

Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.

John Stossel

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Compared Government Itself Madoff Medicare Ponzi Scheme Runs Scam Schemes Security Small Social Social Security

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John Stossel
American - Journalist
Born: March 6, 1947

For those who unfairly lump Social Security in with Bernie Madoff, in all fairness, you should point out the difference. No one was ever legally required to pay money to Madoff.

Addison Wiggin

No government can provide social security. It is not in the nature of government to be able to provide anything. Government itself is not self-supporting. It lives by taxation. Therefore, since it cannot provide for itself but by taking toll of what the people produce, how can it provide social security for the people?

Garet Garrett

We need to preserve programs like Social Security and Medicare for our seniors of today and tomorrow. But we need to strengthen both Social Security and Medicare to make sure these programs are still available for future generations.

Joni Ernst

We're the party that has fought for Medicare. We're the party that has fought for Social Security. The Republicans have tried to privatize Social Security and voucherize Medicare.

Tom Perez

A majority of Americans support Social Security and Medicare, a progressive tax system and a government that regulates business in the public interest, but most share deep skepticism about the government's ability to do all this well.

Adam Davidson

Seniors are concerned about Medicare and Social Security. I advocated in Congress a separate and distinct lockbox fund for Social Security.

Virgil Goode

Madoff Securities is the world's largest Ponzi scheme.

Harry Markopolos

The Social Security trust fund is in pretty good shape today and we should not embark upon risky, dangerous schemes which will, in fact, undermine Social Security, such as privatization.

Max Baucus

So you've got these regular, middle-class voters who don't hate the government as much as the Kochs do. They're Republicans, but they still want government programs. They want Social Security, they want Medicare. They need it.

Jane Mayer

For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.

John C. Goodman

The various Social Security privatization schemes, full and partial, would cost both the 'social' - that is the public, cooperative, societal - element of the program and 'security' - the rock-solid income guarantee afforded by the system. It should be rejected.

Ralph Nader

Most people don't realize that two-thirds of the federal budget is Social Security, Medicare, Medicaid, and the Pentagon. The U.S. government is an insurance company with an Army.

Scott Pelley

Washington treats Social Security like a Ponzi scheme.

Ron Johnson

Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working.

Rachel Maddow

Workers organized and fought for worker rights and food safety, Social Security and Medicare - they fought to change government. And they won.

Sherrod Brown

And because of these programs like Medicare, Medicare prescription drugs, Social Security, we now have the healthiest and wealthiest group of senior citizens that the world has ever seen. This is a continuing commitment to that.

James T. Walsh

A Quote by John Stossel

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