As a matter of fact, former chair of this committee, my good friend Paul Ryan from Wisconsin, openly tried to privatize Social Security. My own Senator Johnson was the first person I ever heard call it a Ponzi scheme long before, before Elon Musk was on the scene. And Mick Mulvaney, during the Trump 1 administration, who was a former chief of staff, testified before the Joint Economic Committee that, yes, we need to go after Social Security because just like Jesse James robbed banks, it's because that's where the money is. (04:51–05:02)
CLAIM
Asserts that Senator Johnson referred to Social Security as a Ponzi scheme before Elon Musk.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
