'How Is This Even Legal?': Sen. Tuberville Calls Social Security a 'Govt-Approved Ponzi Scheme'

'How is this even legal?': Sen. Tuberville calls Social Security a 'govt-approved Ponzi scheme'

A fiery Senate debate erupted after Sen. Tommy Tuberville (R-AL) launched a blistering criticism of the U.S. Social Security system, calling it a 'government-approved Ponzi scheme' and questioning how Americans' retirement money has been managed over the decades.

Nearly half of Americans don’t expect to get Social Security

Terry Jones writes for Issues and Insights about disturbing new poll results. Is there a serious crisis of confidence in the Social Security system? It certainly looks that way, based on the latest national online I&I/TIPP Poll, which was taken June 29 through July 2 by 1,473 Americans. The poll’s first question asked voters: “How...

Tuberville draws $93K from Social Security ‘scam’

Tommy Tuberville called Social Security a “government-approved Ponzi scheme” on the Senate floor Wednesday. Income tax records show he received nearly $100,000 from the program over three years in addition

Debunking Five Common Social Security Myths

Social Security is often one of the most important income sources in retirement. Yet widespread myths about how it works can lead to confusion, unnecessary worry and poor planning decisions. …

Grassley Calls for Action to Protect the Future of Social Security

I come to the floor today as a member of the Senate Finance Committee, which has jurisdiction over Social Security, and to remind everybody, because everybody knows, or better know, the Social Security primary trust fund will be depleted in just six years.   As a result, come late 2032, the program will only have enough income from the payroll taxes to pay 78% of benefits due.   That surplus that has built up since a Republican president, [Ron…