A Quote by Ron Johnson

Washington treats Social Security like a Ponzi scheme.

Ron Johnson

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Like Ponzi Scheme Scheme Security Social Social Security Treats Washington

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Ron Johnson
Born: April 8, 1955

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

Rachel Maddow

The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.

Gary Johnson

The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.

Milton Friedman

No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.

Mitchell Zuckoff

I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.

Mitchell Zuckoff

The Republican candidates are talking about ways to transition this program and it is a monstrous lie. It is a ponzi scheme to tell our kids that are 25 or 30 years old today, you're paying into a program that's going to be there. Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and it's not right.

Rick Perry

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

John Stossel

Our oceans have been the victims of a giant Ponzi scheme, waged with Bernie Madoff-like callousness by the world's fisheries.

Daniel Pauly

Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

John C. Bogle

The whole government is a Ponzi scheme.

Bernard Madoff

Madoff Securities is the world's largest Ponzi scheme.

Harry Markopolos

I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.

Mary Landrieu

The welfare state may be well-intentioned, but it is a Ponzi scheme

Dennis Prager

Social Security is a family insurance program, not an investment scheme.

Diane Watson

The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.

Tim Lee

You know, Floridians, we've paid into Social Security. Like a lot of other government programs, we sent money to D.C. We expect to get that money back. We expect that our Social Security is real. So, we have to fix Social Security.

Rick Scott

A Quote by Ron Johnson

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