Ron Johnson Called Social Security a Ponzi Scheme—and Won

More

While Mitt Romney and his aides argued last night that Texas Gov. Rick Perry would be a poor fit for a general election contest thanks to his argument that Social Security is a "Ponzi scheme" based on a "mountrous lie," Erick Erickson of RedState.com points out that there's actually a precedent for a successful Republican candidate who says just that: tea party-backed Republican Senator Ron Johnson.

In this 2010 campaign video, Johnson says:

Guess what's coming in Russ Feingold's negative campaign? He's going to tell you I said Washington treats Social Security like a Ponzi scheme. You know what? I did say that -- 'cause it's true. Russ Feingold and politicians of both parties raided the Social Security trust fund of trillions and left seniors an IOU. They spent the money. It's gone. I'll fight to keep every nickel of Social Security for retirees, and I respect you enough to tell you the truth.

Of course, Johnson -- who beat the incumbent Feingold 52 to 47 percent -- was running in Wisconsin, not in states like Florida. And as author Michael Cohen pointed out last night, President Obama could in 2012 lose the states of Virginia, North Carolina, Indiana, Pennsylvania, Iowa, Colorado and Ohio and still win reelection if he can pick up Florida.

Still, as much as Social Security is the third rail of American politics, were Perry to become the GOP nominee and chose someone like Florida Sen. Marco Rubio (R) as his running mate, it would likely complicate the picture and negate some of the damage Democrats are hoping his Social Security stance will do to his support among seniors.

Jump to comments

Garance Franke-Ruta is a senior editor covering national politics at The Atlantic. More

She was previously national web politics editor at The Washington Post, and has also worked at The American Prospect, The Washington City Paper, The New Republic and National Journal magazines. At The Prospect she won the 2007 Hillman Prize awarded to its group blog, "Tapped."

In 2006, she was fellow at the Joan Shorenstein Center on the Press, Politics and Public Policy at the Harvard Kennedy School in Cambridge, Mass., and in 2007, a summer fellow with The Iowa Independent, based in Des Moines, Iowa.

Garance has lectured at the Kennedy School, the Harvard Art Museums, Williams College, Wellesley College, Brandeis and Georgetown Universities, and taught in Georgetown's Master of Professional Studies in Journalism program. She also has made numerous appearances on national and regional television and radio programs.

Born in the South of France, Garance grew up in San Cristobal de las Casas in Chiapas, Mexico; New York City, New York; and Santa Fe, New Mexico. She has resided in Washington, D.C., since graduating from Harvard in 1997.

Get Today's Top Stories in Your Inbox (preview)


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Miami: The Next Big Start-Up City?

How the city became a center for innovation

Video

Video

A Brief History of Romantic Comedies

From The Atlantic's Chris Orr

Video

Life in 'the New Arctic'

A moving portrait of a fading landscape

Video

Video

The Rise of New York City

A fascinating look at Manhattan in the 1940s

Video

What Is Methane Hydrate?

"Flaming ice" is a vast natural energy source

Video

NASA's Time-Lapse of the Sun

Now with epic dubstep music

Video

Shaken Not Tuned: Cocktail Experiments

Can a tuning fork improve a cocktail?

Video

Video

Is He Cheating? A 1950s Guide

'That little blonde secretary from the office?’

Video

New Yorkers: Vintage Vacuum-Tube Amps

Risking electric shock to restore old amplifiers

Video

The DIY Piano-Bicycle

Everybody needs a hobby

Video

What Does It Take to Make Real Craft Gin?

Tour the Green Hat Gin distillery

Video

Letter From the Editor

The June 2013 issue

Video

What Straights Can Learn From Same-Sex Couples

New insight from decades of research

Video

The End of the Mall Rat

A tribute to that pillar of teen culture

Writers

Up
Down

More in Politics

In Focus

Finland in World War II

Just In