Bloomberg Proposed Cutting Social Security and Medicare

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Bloomberg Proposed Cutting Social Security and Medicare

February 26, 2020 at 4:39 pm EST By Taegan Goddard Leave a Comment

https://politicalwire.com/2020/02/26/bloomberg-proposed-cutting-social-security-and-medicare/

"SNIP.....

Mike Bloomberg has vowed as a Democratic candidate for president to “strengthen entitlement programs,” CNN reports.

But when he was mayor of New York City, Bloomberg twice compared Social Security to a “Ponzi scheme” and repeatedly said cuts to that program as well as Medicare and Medicaid had to be part of any serious solution to reducing the federal deficit.

Said Bloomberg: “I don’t know if Bernie Madoff got his idea from there, but if there’s ever a Ponzi scheme, people say Madoff was the biggest? Wrong. Social Security is, far and away.”

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