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Chuck Woolery: Socialism is the ‘world’s biggest Ponzi scheme’

Oct. 23, 2012 5:59pm Jason Howerton

Legendary game show host and outspoken Hollywood conservative Chuck Woolery has a plan to save Social Security, or as he calls it, the “world’s biggest Ponzi scheme.”

“Bernie Madoff is sitting in prison right now for something that is equivalent to a parking ticket compared to this scheme,” Woolery says in a new web video on SaveUsChuckWoolery.com.

In the clip, Woolery explains that Social Security currently amounts to over 20 percent of the entire federal budget, and it’s still growing.

“The nation has been sold this idea that Social Security is a retirement investment program. Well, It’s not. It’s a wealth distribution program,” he says. “And at it’s current rate of redistribution, it will be broke by 2033.”

Why? Because Social Security is a derivative of socialism, according to Woolery. Quoting Margaret Thatcher, he said the “problem with socialism is that you eventually run out of other people’s money.

So how can America fix the broken Social Security program? Find out here:

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Comments (5)

Goldi-lox
Posted on October 24, 2012 at 6:00am
All those background noises were very annoying in this “cute” little video.

By the way, HOW does he propose that people make any $$$ off their “retirement investment account” in a collapsed economy like the one we’re in? Is he talking about investing in the roller-coaster stock market? Or putting one’s “retirement” into bank CDs at next-to-nothing interest?
WHERE does anybody “invest” and “make money” nowadays?
Just wondering…

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- youngblood1
  Posted on October 24, 2012 at 8:24am
  The federal govt is 16 trilluon in debt and climbing at record numbers. So what they are doing obviously isnt wirking either. the amount of money going into ss is less than going in. how do you not get that. Then the president cut the amount we are paying into social security. Does that make since when you want to continue the program. you also mention the bad economy. according to the president the economy is getting better and dont forget gm is alive and osama bin laden is dead. The stock market is back up ro pre recession levels also. Gold is through the roof. My point is let people invest in what they want instead of FORCING them to invest in a socialist scheme designed to keep people poor
  
  Report this comment
- GrumpyCat
  Posted on October 24, 2012 at 11:33am
  Your mistake is that one doesn’t invest today for next quarter’s results, the successful investor is looking at least 5 to 10 years ahead. Politicians don’t look further than the next election. Detroit automakers got into deep doo-doo by only looking to the next quarter.
  
  Stinky stagnant economy is the perfect time to invest when things are cheap.
  
  And anything you invest in will be a better investment than Solyndra. Solyndra failed because it wasn’t good enough for private investors to put their own money in to.
  
  Report this comment
- youngblood1
  Posted on October 24, 2012 at 1:31pm
  Thanks grumpy for making my point much better than I did. Btw goldi your little condescending remarks are not “cute”
  
  Report this comment
woodyee
Posted on October 24, 2012 at 2:34am
You know it is. I know it is. But watch how many people vote for it on Nov. 6.

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