Trump Labor Statistics Pick Called Social Security a 'Ponzi Scheme' That Should Be Shuttered
"Bureau of Labor Statistics data is what determines the annual cost-of-living adjustment for Social Security benefits," said Rep. John Larson. "It should alarm everyone when a yes-man determined to end Social Security is installed in this position."
U.S. President Donald Trump's pick to replace the top labor statistics official he fired earlier this month has called Social Security a "Ponzi scheme" that needs to be "sunset," comments that critics said further disqualify the nominee for the key government role.
During a December 2024 radio interview, Heritage Foundation economist E.J. Antoni said it is a "mathematical fiction" that Social Security "can go on forever" and called for "some kind of transition program where unfortunately you'll need a generation of people who pay Social Security taxes, but never actually receive any of those benefits."
"That's the price to pay for unwinding a Ponzi scheme that was foisted on the American people by the Democrats in the 1930s," Antoni continued. "You're not going to be able to sustain a Ponzi scheme like Social Security. Eventually, you need to sunset the program."
Trump's choice for the Commissioner of the Bureau Labor Statistics called Social Security a "Ponzi scheme" in an interview:
" What you need to do is have some kind of transition program where unfortunately you'll need a generation of people who pay Social Security taxes, but… pic.twitter.com/MXL7k1C644
— More Perfect Union (@MorePerfectUS) August 12, 2025
Rep. John Larson (D-Conn.), one of Social Security's most vocal defenders in Congress, said Antoni's position on the program matters because "Bureau of Labor Statistics data is what determines the annual cost-of-living adjustment for Social Security benefits."
"It should alarm everyone when a yes-man determined to end Social Security is installed in this position," Larson said in a statement. "I call on every Senate Republican to stand with Democrats and reject this extreme nominee—before our seniors are denied the benefits they earned through a lifetime of hard work."
Trump announced Antoni's nomination to serve as the next commissioner of the Bureau of Labor Statistics (BLS) less than two weeks after the president fired the agency's former head, Erika McEntarfer, following the release of abysmal jobs figures. The firing sparked concerns that future BLS data will be manipulated to suit Trump's political interests.
Antoni was a contributor to the far-right Project 2025 agenda that the Trump administration appears to have drawn from repeatedly this year, and his position on Social Security echoes that of far-right billionaire Elon Musk, who has also falsely characterized the program as a Ponzi scheme.
During his time in the Trump administration, Musk spearheaded an assault on the Social Security Administration that continues in the present, causing widespread chaos at the agency and increasing wait times for beneficiaries.
"President Trump fired the commissioner of Labor Statistics to cover up a weak jobs report—and now he is replacing her with a Project 2025 lackey who wants to shut down Social Security," said Larson. "E.J. Antoni agrees with Elon Musk that Social Security is a Ponzi scheme and said that middle-class seniors would be better off if it was eliminated."
