Bloomberg once said Social Security was the biggest Ponzi scheme and argued for cuts to entitlements [CNN]
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Source: CNN
Bloomberg once said Social Security was the biggest Ponzi scheme and argued for cuts to entitlements By Andrew Kaczynski, Em Steck and Nathan McDermott, CNN Updated 3:39 PM ET, Wed February 26, 2020 Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. AP Photo/Rich Pedroncelli Washington (CNN) Mike Bloomberg twice The comments come from Bloomberg's weekly appearances as mayor on the radio program "Live from City Hall," which was reviewed by CNN's KFile. "I don't know if Bernie Madoff Madoff was arrested in December 2008 and later pleaded guilty to running a massive Ponzi scheme, a type of fraud where existing investors are paid with funds from new investors. Visit CNN's for full coverage of the 2020 race Read "We are giving monies out with the next guy's money coming in and at the end of -- when the music stops -- it's just not gonna be enough chairs for everybody," Bloomberg said. Asked about his comments calling Social Security a Ponzi Scheme,
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