Loughlin Calls Social Security a ‘Ponzi Scheme’
Saturday, October 02, 2010
The criticism comes after Loughlin recently stood by comments he made at a Rhode Island Voters Coalition forum several months ago. At the forum, Loughlin said: "And if we look out and project where Social Security will be, basically, for those of you who haven’t retired yet, Social Security is a Ponzi scheme.” (Click here to view the original video.)
Loughlin’s point was that Social Security is a financially unsustainable program, but his choice of words shows just how extreme his position is, said Cicilline campaign manager Eric Hyers. “How can you protect Social Security if you don't believe in it? You can't,” Hyers said. “Rhode Islanders deserve more from their next representative than someone who will cling to a narrow right-wing ideology and who compares Social Security to a criminal enterprise.”
The Cicilline campaign drew comparisons between Loughlin’s remarks and those of nationally known conservatives like Rush Limbaugh and Glenn Beck. In 2009, the latter made the same comparison during a discussion of Bernie Madoff. “That's a Ponzi scheme,” Beck said. “And if it sounds familiar, if we're really honest with each other, it has another name: Social Security.”
The Loughlin campaign was not immediately available for comment.
Comments:
R. Parsons
3:42pm on Saturday, October 02, 2010
Can there be a more damning indictment of RI politics than the choice facing 1st District voters -- the choice between an inept, lying, possibly criminal Democrat who was rightfully rejected by nearly two-thirds of his Party's Primary voters, and a Right Wing neanderthal performing stand-up tragedy?
Here's a little inside info that the Mindsetters might have been expected to unearth:
There are two nominated, first-time Democratic congressional candidates acknowledged by the DCCC to be facing probable indictment in the immediate future. David Cicilline is one of them.
The decision has been made at the highest levels of the Party that, should either of them be elected and indicted prior to inauguration, he/they will not be seated.
In Cicilline's case, should indictments reach to the highest level of his administration (a former chief of staff, for example) but fail to include him, and/or if he is named as an undicted co-conspirator, it is "more than likely" that Cicilline will not be seated.
Mr. Beale would be wise to note the "limitations" of the majority of his self-annointed Mindsetters and pursue this story personally.
He knows the route to the truth.