55 Democrats Vote For A “Ponzi Scheme”

55 Democrats Vote For A “Ponzi Scheme.” Thune Amendment #3640: “REPEAL OF THE CLASS ACT. Title VIII of the Patient Protection and Affordable Care Act and the amendments made by that title are repealed.” (Thune Amendment #3640, Roll Call Vote #77, Motion To Waive All Applicable Budgetary Discipline Failed 43-55: R 40-0; D 2-54; I 1-1, 3/24/10)

“Sen. Kent Conrad (D-N.D.) Called The CLASS Act ‘A Ponzi Scheme Of The First Order, The Kind Of Thing That Bernie Madoff Would Have Been Proud Of,’ And He Vowed To Block Its Inclusion In The Senate Bill.” (Proposed Long-Term Insurance Program Raises Questions,” The Washington Post, 10/27/09)

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Tags: Democrats, Ponzi Scheme, long-term insurance, government health care
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