Rick Santelli And Thomas Friedman Tangle Over Social Security ‘Ponzi Scheme’

Mediaite reports:

On Thursday’s edition of Squawk Box, New York Times columnist Thomas Friedman and CNBC’s Rick Santelli traded epithets over whether Social Security was a Ponzi scheme as Governor Rick Perry has argued.

“Your question is idiotic,” fumed Friedman, when asked whether Social Security was a type of pyramid scheme. “You’re idiotic!” responded Santelli.

The heated on-air exchange began as Santelli questioned Friedman directly whether there was any legitimacy to Perry’s suggestion.