In it, but not of it. TPM DC

CO-SEN GOP Candidate Jane Norton: Social Security 'Has Turned Into A Ponzi Scheme' (VIDEO)


We asked Norton press secretary Nate Strauch whether the candidate stood by her description, which seemed to imply that there was something crooked about Social Security. "She didn't imply that there was anything crooked about it. She said it's set up the same way a Ponzi scheme is," said Strauch, "which is new investors being used to pay old investors until the money runs out, and of course that's what's happening."

In the TPM Poll Average, Norton currently has a lead of 45.3%-38.0% over incumbent Democratic Sen. Michael Bennet, who was appointed to the seat in January 2009.

Here's the video, recorded by a Colorado Democratic Party tracker: