How long will Rick Santelli, CNBC commentator, keep his job after this one? Someone actually speaking the truth? Let's break out Sterling and the Popcorn!
Go ahead, Rick
Rick: Just like to know, I was watching that debate last night although it wasn't a debate, more like a weird press conference but does Mr. Friedman think social security is a ponzi scheme?
Friedman: No i don't.
Rick: Earlier in the show you said we're putting a burden on our kids that's unsustainable. It's a program that made promises it cannot keep and it needs to be fixed. Is it a ponzi scheme?
Friedman: Ponzi scheme is a criminal endeavor.
Rick: You need more people to perpetuate a myth because if the people stop the myth is known all. Let's call at it chain letter, a pyramid scheme. Isn't that by definition what social security is? Take the legalities and fraud out. Why not a ponzi scheme?
Friedman: Rick? Pay as we go. Ronald reagan fixed it. Why can't we fix it?
Rick: What does ronald reagan have to do with my question?
Friedman: What does your question have to do with reality?
Rick: We brought it up. you can't decide that the only thing made social security work we have a real issue because many people in government seem to like to read your work. fixing social security in terms of the population. i don't know if we can fix it. i asked if it's pyramid.
Friedman: Your question is idiotic.
Rick: Your answer is idiotic. Okay. I'm done, I feel good.
Go ahead, Rick
Rick: Just like to know, I was watching that debate last night although it wasn't a debate, more like a weird press conference but does Mr. Friedman think social security is a ponzi scheme?
Friedman: No i don't.
Rick: Earlier in the show you said we're putting a burden on our kids that's unsustainable. It's a program that made promises it cannot keep and it needs to be fixed. Is it a ponzi scheme?
Friedman: Ponzi scheme is a criminal endeavor.
Rick: You need more people to perpetuate a myth because if the people stop the myth is known all. Let's call at it chain letter, a pyramid scheme. Isn't that by definition what social security is? Take the legalities and fraud out. Why not a ponzi scheme?
Friedman: Rick? Pay as we go. Ronald reagan fixed it. Why can't we fix it?
Rick: What does ronald reagan have to do with my question?
Friedman: What does your question have to do with reality?
Rick: We brought it up. you can't decide that the only thing made social security work we have a real issue because many people in government seem to like to read your work. fixing social security in terms of the population. i don't know if we can fix it. i asked if it's pyramid.
Friedman: Your question is idiotic.
Rick: Your answer is idiotic. Okay. I'm done, I feel good.
