Hoenig repeats discredited claim that “Social Security is, by definition, a Ponzi scheme” Written by Media Matters Staff Published 05/29/10 3:38 PM EDT From the May 29 edition of Fox News' Cashin' In: Video file Video Player Media error: Format(s) not supported or source(s) not foundDownload File: https://cloudfront.mediamatters.org/static/clips/2010/05/29/5995/fnc-20100529-hoenig_ponzischeme.mp4ShareCopyEmbedCopyShare to facebookShare to twitterShare to email00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Share Previously: AP's Raum uses falsehood to declare Social Security “pretty much” a “Ponzi scheme” On O'Reilly, Stossel repeats claim that Medicare is “like a Ponzi scheme” O'Reilly, Stossel agree that Medicare is a “ponzi scheme” Fox's Bolling: Social Security “kind of like a Ponzi scheme ... should rename it the Madoff Social Security system”
