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Ron Johnson: “Social Security is a legal Ponzi scheme.”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Ron Johnson's Wisconsin Town Hall: Addressing Federal Spending, Medicaid, and Immigration Concerns

Published | Video Starts at 14:53

And are you. Have you ever made a statement like that? First of all, it Social Security is a legal Ponzi scheme. That's right. You know, revise my remarks. It's a legal Ponzi scheme. It is. It's a pay as you go system. (14:53–14:55)

CLAIM

Asserts that Social Security operates like a Ponzi scheme.

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.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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