Biden: "Last Administration Had A Ponzi Scheme"

This is a great trick. Dems create these problems, refuse to get them fixed, and now blame Republicans.

The vice president also said that the last administration was pretty much running a "Ponzi" scheme, "We inherited economic policy and plan for prosperity that lay in creative financial instruments, credit default swaps, collateralized obligations, sub-prime mortgages, basically the last administration had a Ponzi scheme masquerading as a vision in terms of our future."