Old Man McCain: Social Security is "a Ponzi scheme that Bernie Madoff would be proud of."

[kpete]

MCCAIN: Yeah, and for example, increase the age eligibility by a month every year or so, I mean, uh, lift the cap. Right now there’s a certain amount you pay into Social Security, and then after that it’s not taxed. There’s a number of things you can do to that are pretty simple and are pretty gradual keep the system from going bankrupt which basically it already is, because we’ve already spent the money that’s in the Social Security trust fund. It’s a Ponzi scheme that Bernie Madoff would be proud of.

listen here:
http://thinkprogress.org/2011/02/22/mccain-on-social-security-its-a-ponzi-scheme-that-bernie-madoff-would-be-proud-of/

[fascisthunter]

1. no, the Scheme is the Republicans waging a war against the middle class and poor

[TheCowsCameHome]

2. Work until you die, right Gramps?

Maybe for you, but not for me.

[Bake]

3. Let's see ... kill Social Security, bust all the unions, kill Medicare

Then, of course, limit voting rights ("Voter ID" laws) ... the rape of the country by the rich would be complete.

And make no mistake, that is EXACTLY what they want.

Bake

[Ilsa]

4. Then he and his mommy won't mind giving theirs up? nt

[gratuitous]

5. Pretty circuitous way for Grampy to say lift the cap

He's got just about every fact wrong, but his point that lifting the earnings cap on social security withholding is correct. Although his maze of verbiage is such that he may not even realize that that's what he was saying.

[Faygo Kid]

6. How many homes does he own again? Somebody tell McCain and Alan Simpson to get lost.

Neither need dime 1 of our greatest social safety net program, but they lecture us about it ceaselessly. Include turdball columnist Robert Samuelson in that.

I have a message for all three of you: Get off of my lawn.

[arbusto_baboso]

7. Is McCAin refusing HIS Social Security payments?

If not, he needs to STFU.

[Angry Dragon]

10. No need to

He gets $58,000/year tax free for 100% disability from government, yet he holds down a job that pays him $174,000/year with a really good retirement plan and good medical ........ he is set he just doesn't care about you

[arbusto_baboso]

13. I know all that. I just think if we can catch him actually taking SS...

It's a BIG issue to use against him.

[demigoddess]

8. and marrying an heiress is social security for everyone??

I guess he thinks all people have to do is 'marry up'. personally, I hope to marry Paul McCartney when I hit 65.

[alsame]

9. Ah yes, spoken like someone who will never need it. nt

[Hassin Bin Sober]

11. Says the guy collecting 100% disability payments from DOD while collecting his Senate pay.

[RegieRocker]

12. No the scheme is the government itself not Social Security.

And it's the American peoples fault for allowing the government to scheme a good practice.

[WhiteTara]

14. says the pig at the trough. n/t