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Being a Ponzi scheme requires fraud. In a Ponzi scheme, the fraudster fraudulently claims that an investor is making a larger return than he is, then -- for a while -- pays him back from future investments from other investors. It is intrinsically unsustainable.
Social Security isn't fraudulent. It states explicitly that people contributing to Social Security are providing the funds to people who are withdrawing from it. It may not be sustainable to maintain a fixed level of benefits at a fixed level of taxation if the fertility rate is declining, but the lack of sustainability isn't what makes a Ponzi scheme a Ponzi scheme. It's the presence of fraud, which does not exist for Social Security.
I remember that the Social Security Administration website used to have a page up explicitly describing why it wasn't a Ponzi scheme.