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O’Reilly: Social Security ‘isn’t exactly a Ponzi scheme, but it’s close’

By Andrew Jones
Wednesday, September 14, 2011 9:51 EDT
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In Bill O’Reilly’s universe, Social Security isn’t a Ponzi scheme — it just plays one on TV.

On Monday evening, the Fox host defended Rick Perry from campaign rivals’ attacks on the Texas governor. And O’Reilly made certain to emphasize his support for Perry and his controversial statements on the program.

“On the issue of Social Security, the governor is essentially correct,” O’Reilly said. “The federal government has taken funds for earmarks for that program and spent them on other things. They’ve been doing it for decades.

He added: “The problem for Perry is the program is still salvageable, although adjustments will have to be made. It’s not exactly a Ponzi scheme, but it’s close.”

WATCH: Video from Fox News, which appeared on September 13, 2011.

Andrew Jones
Andrew Jones
Andrew Jones is a staff writer/reporter for Raw Story. Besides covering politics, he is also a freelance sports journalist, as well as a slam poetry and music artist. You can follow him on Twitter @sluggahjells.
 
 
 
 
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and to abide by our commenting policy.
 

O’Reilly: Social Security ‘isn’t exactly a Ponzi scheme, but it’s close’

By Andrew Jones
google plus icon
 
  • Print Friendly and PDF
  • Email this page

In Bill O’Reilly’s universe, Social Security isn’t a Ponzi scheme — it just plays one on TV.

On Monday evening, the Fox host defended Rick Perry from campaign rivals’ attacks on the Texas governor. And O’Reilly made certain to emphasize his support for Perry and his controversial statements on the program.

“On the issue of Social Security, the governor is essentially correct,” O’Reilly said. “The federal government has taken funds for earmarks for that program and spent them on other things. They’ve been doing it for decades.

He added: “The problem for Perry is the program is still salvageable, although adjustments will have to be made. It’s not exactly a Ponzi scheme, but it’s close.”

WATCH: Video from Fox News, which appeared on September 13, 2011.

Andrew Jones
Andrew Jones
Andrew Jones is a staff writer/reporter for Raw Story. Besides covering politics, he is also a freelance sports journalist, as well as a slam poetry and music artist. You can follow him on Twitter @sluggahjells.
 
 
 
 
By commenting, you agree to our terms of service
and to abide by our commenting policy.
 
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