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Newsbusters Digs Up 2007 Video Of Chris Matthews Calling Social Security ‘A Bad Ponzi Scheme’

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» 55 comments

The conservative blogosphere is abuzz over Newsbusters‘ unearthing of a 2007 video that featured MSNBC’s Chris Matthews and the late Tim Russert discussing problems with the trajectory of Social Security, with Matthews calling it “a bad Ponzi scheme.”

MATTHEWS: [...] If you think about it, what does [Hillary Clinton] gain if she says, Let’s raise taxes for Social Security, let’s raise the retirement age, let’s raise whatever, let’s reduce the benefits? What they want her to do is show some pain (ph) to the public, and she doesn’t want to do it.

RUSSERT: Well, Senator Obama had said that he had — would have everything on the table for Social Security, and now he’s limited that, as well. So all of them can be scrutinized. But I think, Chris, the important thing for voters who are watching this, it’s more than just a game of primary versus the general election. They’re waiting for leadership.

MATTHEWS: OK.

RUSSERT: And if you’re going to make tough decisions as a president, you have to answer tough questions. What are you going to do? Show us how you’re going the lead us. Everyone knows Social Security, as it’s constructed, is not going to be in the same place it’s going to be for the next generation, Democrats, Republicans, liberals, conservatives.

MATTHEWS: It’s a bad Ponzi scheme, at this point. Yeah

Newsbusters associate editor Noel Sheppard found it odd that when Texas Governor Rick Perry said something uncannily similar during a debate four years later, “(Matthews) and many of his colleagues in the press labeled it as unacceptable anti-American psycho talk.”

“It’s been perfectly acceptable for liberal media outlets and members to openly discuss the Ponzi-like nature of Social Security without being ridiculed as unhinged anti-Americans,” Sheppard said.

You can expect conservatives will use this old video as a trump card against Matthews if he ever tries to hold Perry’s feet to the fire on his comments about Social Security.

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  • Guest

    What and who is Chris Matthews afraid of?

  • Anonymous

    Never could stand Russert, and Matthews is worse.

  • Latin2

    Isn’t that how the Left does it?

    Digs up old video and such from 10 years and replays it over and over.

  • Findjasonlau

    oh did I miss something?  Is Chris Matthews running for president? 

  • Pit Boss

    Did Matthews criticize Perry about saying it?  If not, this is a non-story. If he did, it’s just further proof that Matthews is a doosh. Along with most of the talking heads from both MSNBC and FauxNews.

  • Jp7077

    “You can expect conservatives will use this old video as a trump card against Matthews if he ever tries to hold Perry’s feet to the fire on his comments about Social Security.”

    I think conservatives, indepedants AND liberals should use “this old video” as a trump card against Matthews and his type…….THESE WHERE HIS OWN WORDS in 2007……..same situation applies in 2011…..except a different President. The media needs to call out Hypocrisy on BOTH SIDES…..not just fixate on labeling republicans as “teabaggers” and “haters” for trying to address the out of control spending on social programs and the social security trust fund fiasco……….which every politician…..on BOTH SIDES have been raiding since the 1980′s. At least the Republicans broached the subject…….Democrats still have their heads in the sand about this.

  • Jp7077

    “You can expect conservatives will use this old video as a trump card against Matthews if he ever tries to hold Perry’s feet to the fire on his comments about Social Security.”

    I think conservatives, indepedants AND liberals should use “this old video” as a trump card against Matthews and his type…….THESE WHERE HIS OWN WORDS in 2007……..same situation applies in 2011…..except a different President. The media needs to call out Hypocrisy on BOTH SIDES…..not just fixate on labeling republicans as “teabaggers” and “haters” for trying to address the out of control spending on social programs and the social security trust fund fiasco……….which every politician…..on BOTH SIDES have been raiding since the 1980′s. At least the Republicans broached the subject…….Democrats still have their heads in the sand about this.

  • Anonymous

    I’m confused.  When did Chris Matthews declare his candidacy for President?

  • Anonymous

    I watch Hardball pretty regularly (no, it’s not where I get my news, but I do find it amusing and motivating when I work out), and as far as I know, he has only talked about it in the context of how much it will pose a challenge to Perry’s candidacy.

    That being said, I don’t watch it every day, so I could be wrong.

  • Michelle

    Don’t play dumb.  This is must more proof of liberal hypocrisy.   You know if Barry said it was a Ponzi scheme, the corrupt, liberal media would lap it up.  But since a Conservative said it, it’s a different story.

  • Michelle

    Hey, did you hear Tingles throw a fit when Rush called the Obama Admin a “regime”, when he used the term hundreds of times when talking about Bush. Hypo, thy name is liberal.

  • Michelle

    I thought Russert was OK.  He was a liberal, but he didn’t make me want to burst my own ear drum to get out of hearing his voice.

  • Anonymous

    How bout they use this old footage as a trump card against Social Security?  

    I know it has bought millions of votes for both parties over the decades, but discuss fixing it and get attacked and demagogue’d like you kicked a litter of kittens.

    Lets just let it destroy the country, so long as no one compares it to a Ponzi scheme.

    Once again thank you Bernie Delano Madoff, your Big Raw Deal is gnawing away at the foundation as it has since you crammed it through and rigged the courts in the 30′s. 

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Oh Shit! Say it isn’t so!  This just shows the hypocrisy of the media and the left in general.  

    Both Obama and Clinton talking about the need for reform in 2008 and here all from that side are trying to demonize the republicans for raising an issue that they all know must be addressed.. Typical Liberal Bull Shit!

  • ObamaSux

    Lilly does not play dumb.  Lilly is dumb.

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    Maybe you missed this part of the article;

    “Well, Senator Obama had said that he had — would have everything on the table for Social Security, and now he’s limited that, as well. So all of them can be scrutinized. But I think, Chris, the important thing for voters who are watching this, it’s more than just a game of primary versus the general election. They’re waiting for leadership.”

    Now he wants to beat up the republicans for raising the issue of reform…   This president has not been honest with the American people since day one of his presidency…

  • Sean

    Take a hike libtard. This is a media site. Chrissy is in the Media. Go back your hole at the Kos.

  • Anonymous

    Did you feel the rush of air when this went over your head?

  • Anonymous

    This kind of thing is so common for Matthews, it’s to be expected. Apparently he doesn’t realize all of his words are recorded or how he constantly leaves himself open for ridicule. It’s like he has no self awareness at all. Perhaps he has handlers who shield him from all of that.

  • Cecelia

    “RUSSERT: And if you’re going to make tough decisions as a president, you
    have to answer tough questions. What are you going to do? Show us how
    you’re going the lead us. Everyone knows Social Security, as it’s
    constructed, is not going to be in the same place it’s going to be for
    the next generation, Democrats, Republicans, liberals, conservatives.”

    It’s amazing , Matthews has spent hours of air time over the years trying to get Republican candidates to say EXACTLY what Tim Russert asserted about the future of SS “as it’s constructed” in order to bill them as being anti-S.S. 

    Russert sure left a void at Rockefeller Center.

  • Anonymous

    duck!  I think the point went right over your head.  

    The media is the one who’s saying ‘how dare he’ – you know the media?  like Matthews?????

  • Anonymous

    So what?  Do you think any sane progressive would care or defend anything that comes out Chris Mathew’s mouth? :)

  • Anonymous

    He said the same thing 4 days ago.  Where is the trump card? Where’s the gotcha moment in this newsbustrers video??

    http://nation.foxnews.com/chris-matthews/2011/09/09/shock-chris-matthews-admits-social-security-ponzi-scheme

  • ASAP

    I am no fan of Matthews, but it appears that he was referring to what the candidates would say about SS and not his own opinion.  This whole story is nonsense.  Chris Matthews is not running for President, so I could give a damn what he said years ago.  After 9/11, Chris Matthews was a parrot for the Bush administration in it’s run up to the war in Iraq.  Matthews is no liberal, he is merely a self serving talking head, who will say anything he thinks the audience wants to hear. 

  • Michelle

    The words Sane and Progressive don’t belong in the same sentence, Kitty Kat.

  • Anonymous

    My God…someone found that Prissy Chrissy Matthews has the memory of a corpse and the intelligence of a block of wood.

    Matthews is a DICK.

  • Anonymous

    Duhhhhhhh…

    You are not so think as you stupid you are.

    You are stupider.

  • NDanielson

    Do you think any sane progressive would care or defend anything that comes out Chris Mathew’s mouth? :)

    As with anything that comes out a liberals mouth, if it hurts conservatives it’s true, if it hurts liberals it’s a lie.

  • NDanielson

    And definitely confused.

  • NDanielson

    He’s trying to pick the president. Did you miss that?

  • NDanielson

    Becoming even more irrelevant. Any conservative.

  • http://www.facebook.com/profile.php?id=1190134026 Barry Dalton

    Number 1, Matthews did qualify his statement with “at this point” and, Number 2, it was in response to a leading question. Matthews has not beat this drum, and he certainly has not doubled down on his comment, like Rick Perry has. Perry wrote this in a book. My guess is Matthews would take this statement back now or at least explain the nuance of his meaning. All that said, Matthews is a mixed bag from a progressive viewpoint. At times, he has stood up to the far right when the far left and center were either incapable of it or too myopic to do it, or too polite to do it, or to reasonable to do it, or too afraid to do it. At other times, Matthews slips into “bluedog centrism” that is off putting. Overall, I enjoy his show.

  • Anonymous

    Do you want to be specific as to what about what I said had anything whatsoever to do with your response? 

  • http://www.facebook.com/people/Dronetek-Bulk-Vanderhuge/100000918732763 Dronetek Bulk Vanderhuge

    “You can expect conservatives will use this old video”

    5 YEARS IS SOOOOOO OLD!

    Anyway, its yet another case of the left and their media changing the rules and standards as it suits them. Also, why do Mediaite activists always label Newsbusters “conservative”? Is anything not liberal, automatically conservative? Would James Crugnale ever label Mediaite as “liberal”?

  • http://www.facebook.com/people/Dronetek-Bulk-Vanderhuge/100000918732763 Dronetek Bulk Vanderhuge

    “You can expect conservatives will use this old video”

    5 YEARS IS SOOOOOO OLD!

    Anyway, its yet another case of the left and their media changing the rules and standards as it suits them. Also, why do Mediaite activists always label Newsbusters “conservative”? Is anything not liberal, automatically conservative? Would James Crugnale ever label Mediaite as “liberal”?

  • BR

    It didn’t go right over their heads………….it’s only bad to them if a republican says it.  

  • Guest

    Has Chris Matthews responded to this video?  What does he have to say now?

  • jayamerican

    His shadow, circus clowns, loud noises..in short Matthews is a nerdy wimp.

  • Yukon Jack

    Stuff that in your pipe, MediaMatters, and smoke it!!

  • TruDat

    A liberal being a hypocrite??? Say it ain’t so!!!!!

  • TruDat

    The same thing happened when spittle-mouthed Mathews whined that Limbaugh referred to the Obama administration as “regime”.  Low and behold, they found tape of Mathews referring to the Bush administration as “regime”.

    Nobody can say liberals aren’t hypocrites.

  • TruDat

    It’s obvious you’re confused.

  • http://pulse.yahoo.com/_JUT2TATEV3OHGQ7HZRYN472XVM Felix

    net-net, matthews is a hypocrite —

  • http://pulse.yahoo.com/_JUT2TATEV3OHGQ7HZRYN472XVM Felix

    had nothing to do with matthews as a candidate… as the article says about SS and Ponzi talk,  “(Matthews) and many of his colleagues in the press labeled it as unacceptable anti-American psycho talk.”

  • Yukon Jack

    1. Old people have longer life expectancy than 65.

    2. There are and will be fewer young people, because abortion, gang wars and other Democrat policies.

    So, there will be fewer of those who pay IN than those who take OUT.

    If this not a Ponzi scheme, what is it?

  • http://pulse.yahoo.com/_JUT2TATEV3OHGQ7HZRYN472XVM Felix

    Seems pretty straightforward to me. But, hey, I’m not a liberal. You said “Do you think any sane progressive would care or defend anything that comes out Chris Mathew’s mouth?”

    The responder is basically answering “Yes”…. ‘as with anything that comes out a “sane progressive’s mouth” (i.e. Matthews mouth), if it hurts conservatives- “sane progressives” say it’s true, if it hurts liberals, “sane progressives” say it’s a lie.

  • http://pulse.yahoo.com/_JUT2TATEV3OHGQ7HZRYN472XVM Felix

    It’s like the Libs/Democrats’ comments on Iraq’s WMD. They will say anything ‘for the moment at hand’ , then hope you forget their words when what they said comes back to haunt them.

    Freud might have called this TLB (Typical Liberal Behavior).

  • TheRedDragon
  • Pit Boss

    No, but I do feel it every time I have the misfortune of reading one of your mindless retorts.

  • Holistic

    I’m sure Matthews will say that was when he was still drinking heavily. Oh! he still is?

  • Anonymous

    Chris(HUMPTY DUMPTY HEAD)Matthews is a lying,hateful,disgraceful piece of trash.Get your head out of Obama’s rear end.Matthews you better change your panties.

  • Politixisadisease

    Nice editing , you can spin a lie or truth to fit your needs. Silly playground crap.

  • Anonymous

    Where is the video of Matthews criticizing Perry over his “ponzi” scheme remarks?

  • Anonymous

    Everyone can give you a Ponzi scheme scenario for most
    dealings, if you look at it right—-Take for instance, America and much of the
    world participate in Keynesian Economics, we can hardly avoid it. John Maynard
    Keynes is the father of Keynesian Economics and he said; Capitalism cannot
    survive without inflation. Some blame our government saying; printing money is
    inflationary, that is a joke, using the government as a whipping post, Because
    much is lost through, friction, theft, graft, corruption, profits, excessive profits,
    national disasters, especially wars and all losses from wherever.  THAT IS WHAT INFLATION REALLY IS.  ANYTIME you raise the price on a loaf of
    bread the dollar buys less and that is INFLATION.  If a bread baker wants more profits and he
    raises the price of bread 50 cents, it is inflationary from this particular “profit”
    and the dollar buys less bread. If a fire burns the bakery to the ground and the
    baker borrows a hundred thousand dollars to rebuild the bakery and raises the
    price of bread a full $1.00 per loaf to cover the expense of a loan to repair the
    bakery that is inflation form a “fire loss”. University people because of having
    a degree in something are looked upon as having lots of knowledge on subjects
    they know nothing about. Many times, they are right many times they are wrong.  Most of the time educated people just sound
    Intelligent. That is why they say; experts do disagree. Take it from me;
    Inflation is “from loss”, not from printing money. Wall Street prints stock certificates
    and sells them for money. If these stock certificates build a company that
    produces something and profits from it, that is good. If this stock certificate
    company goes broke, “this is a loss” and it is inflationary, it is also printing
    money “through printing stock certificates that traded for money”. That is a “loss”
    to the person which handed out the money for a bad certificate. This is highly inflationary
    because these trades are done in the billions frequently. In volume there is velocity.

    It is printing money by fleecing the buyers when they buy
    their stock certificates which are “born to be a loss”. Something like graft
    and corruption, same as a “LOSS” This is hyperinflation when it is in high
    speed out of control. If sold stocks certificates build a productive business
    and it produces products and profits, it is Economic Growth, if the Stock
    Market prints Stock Certificates, sell them and these companies in the next few
    years goes broke and the “people’s money is lost or depreciates”, that is “INFLATION,
    same as a fire, flood, hurricane or any loss what so ever”.

    Printing money is not inflationary a loss of any kind is inflationary.

    Some people blame Our Government for causing inflation
    from printing money and the money they print keeps all the boats floating. That
    is a gift from Keynesian Economics.  

  • http://truth-and-opinion.dyndns.org/ mavigozler

    Uh, what’s the point of making a deal about what the right-winger Chris Matthews says???

    The bipolar Matthews is usually ALL over the landscape on issues, making leftist remarks one day, then contradicting himself with right-wing comments the next day on the same issue!  Trying to use Matthews to make a point on politics is like trying to use Lady Gaga to make a point on culture and style.

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