Senate candidate Ron Johnson likens Social Security to Bernie Madoff style Ponzi scheme

[TomCADem]

Source: Politicfact

It’s not often that a key platform of Franklin Delano Roosevelt’s New Deal is compared to Bernie Madoff’s $65 billion Ponzi scheme.

But 2010 is anything but a typical election year.

Like numerous Republicans, U.S. Senate candidate Ron Johnson has been likening Social Security -- created 75 years ago to provide retirees with a steady income -- to a Ponzi scheme. It’s an eye-catching comparison that has been made by Senate candidates Rand Paul in Kentucky and Sharon Angle in Nevada, among others.

Where does Johnson fit in?

In a move to head off criticism from his opponent, Democratic U.S. Sen. Russ Feingold, Johnson put his Ponzi comparison at the center of TV and radio ads that began running Sept. 15, 2010.


Read more: http://www.politifact.com/wisconsin/statements/2010/sep/23/ron-johnson/senate-candidate-ron-johnson-likens-social-securit/

[Cleita]

1. Republicans have been trying to compare SS

to pyramid schemes since I can remember. If people actually look into how it works, it's a pension plan that operates no differently than other types of pension plans once offered by companies and unions.

[cutlassmama]

3. Yes, but how many of the Tea Partiers will fall for it?

[OHdem10]

2. Is this the guy running against Feingold???? This should be good

for Feingold.

[hermetic]

4. Bemused DUer

likens Senate candidate Ron Johnson to the back end of a mule.

[City Lights]

5. I cannot understand why this nut case is ahead of Feingold.

I just don't get it.

[madokie]

6. I seriously doubt in real life he is

I'm sure the polling is skewed. I remember not too long ago, 8 years, when the polling showed that Steve Largent was going to be our Governor but when the ballots were counted he conceded pretty early as it was obvious he wasn't going to win. Same thing is happening right now all over the country by the same polsters as was telling us this shit. Had him so far ahead that it was obvious that they were polling with a thumb on the scales. I don't believe any of these polls for a second

[City Lights]

9. I sure hope you're right. I can't stand the thought of Feingold losing his seat.

x(

Especially to that arsewipe.

[spanone]

7. well ron, pay me back what i've paid in, we'll call it even

[Odin2005]

8. "SS is a Ponzi scheme" is a typical BS RW meme..

It's all part of the "Boomers are going to bankrupt SS" propaganda.