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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

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”

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