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Rick Perry sticks to claim that Social Security is a scam
Los Angeles Times ^ | August 29, 2011 | Michael Muskal

Posted on 08/29/2011 11:34:13 AM PDT by reaganaut1

Texas Gov. Rick Perry is standing firm in insisting that Social Security, the federal government’s insurance programs for retirees and disabled, is a Ponzi scheme designed to deceive the young.

In a weekend campaign stop in Ottumwa, Iowa, Perry, who has surged into the lead in the Republican presidential sweepstakes in at least one major poll, repeated his characterization of the social insurance program that is generally supported by the electorate. He has made the same point before, especially in his book, “Fed Up!,” though at one point his campaign tried to explain that he had softened his language.

“It is a Ponzi scheme for these young people,” Perry insisted. “The idea that they’re working and paying into Social Security today, that the current program is going to be there for them, is a lie.”

At a later stop in Des Moines, he also threw cold water on his own campaign’s efforts to portray his position in a more tempered light. “I haven’t backed off anything in my book. So read the book again and get it right,” he said.

Perry’s stand is the type of vintage ferocity that the governor has generated in his Texas political career and even in his limited time as a GOP presidential hopeful. For example, he has suggested that Federal Reserve Chairman Ben S. Bernanke would be behaving in a “treasonous” fashion, if he loosened the money supply in a presidential election year.

Despite complaints from some quarters that his choice of words in condemning the Fed was too strong, Perry has stood firm in that area as well, raising questions about when a colorful and forceful position crosses the line into political gaffe.

(Excerpt) Read more at latimes.com ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: perry; ponzi; ponzischeme; rickperry; rinofreeamerica; socialsecurity
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Of course it's a Ponzi scheme. My payroll taxes are spent immediately, and I'm supposed to hope that future generations will be willing to be taxed for my benefits.
1 posted on 08/29/2011 11:34:15 AM PDT by reaganaut1
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To: reaganaut1
100% PONZI
I for one am glad somebody has the guts to admit it.
2 posted on 08/29/2011 11:36:39 AM PDT by DeaconRed (To the idiots that didn't believe us about ZERO: Hope you enjoy your less than a dollar in change.)
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To: reaganaut1
Of course its a scam! One that no American can opt out of. Sooooo, we have to wait until we retire to just get our “investment” back.
3 posted on 08/29/2011 11:38:51 AM PDT by fantail 1952 (They don't make 'em like Reagan any more. Now it takes a woman to do a mans job!)
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To: reaganaut1

Well, it IS!
(I just wish I could believe that he really believes the things he says.)Oy.


4 posted on 08/29/2011 11:38:51 AM PDT by ozark hilljilly (Sanitized for your protection)
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To: Voter#537

He’s got the guts, but this may be his downfall.


5 posted on 08/29/2011 11:39:18 AM PDT by DRey (Perry/Rubio 2012)
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To: reaganaut1

The TRUTH is the TRUTH! Simple as that!

Social Security is, and always has been, nothing more than a government run Ponzi scheme! Anyone who doesn’t believe that should start a PRIVATE insurance company based on that exact model and see how long it take for them to throw you in jail!


6 posted on 08/29/2011 11:40:07 AM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: DRey

You could be right, but Perry is a canny politician. It may be that he has correctly determined that the public is ready for the truth. We’ll see.


7 posted on 08/29/2011 11:40:54 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: reaganaut1

You got that one right. It should be obvious when we see the government owing SS $2.5 Trillion. They use SS taxes for the general fund and spend it all as they get it. If SS is to survive, this has to stop and repay th $2.5 Trillion.


8 posted on 08/29/2011 11:40:57 AM PDT by RC2
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To: reaganaut1
“I haven’t backed off anything in my book. So read the book again and get it right,” he said.

This is a man with the right stuff to defeat Zer0 who is nothing but a team player for the leftist cronies around him.

9 posted on 08/29/2011 11:42:25 AM PDT by jonrick46 (2012 can't come soon enough.)
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To: reaganaut1
Thank you Governor Perry. You are right. This Ponzi scheme has been robbed with the deposits spent foolishly and most of Americans are ignorant of this fact.
10 posted on 08/29/2011 11:42:56 AM PDT by Logical me
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To: reaganaut1

SS is on a perfectly sound footing, except for the math.


11 posted on 08/29/2011 11:43:11 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: reaganaut1
When you've paid over a hundred grand into a scheme, it's a program.

Of course it's a ponzi scheme.

12 posted on 08/29/2011 11:43:18 AM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: reaganaut1

He’s right about that.

Tax payers are diddled out of their money so Congress can appropriate it to buy votes and stay in office. PERIOD!


13 posted on 08/29/2011 11:44:04 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: reaganaut1

Bernie Madoff has nothing on our own government......The fact that Perry’s statements are being called “controversial” is more proof of the complicity of the MSM in the destruction of our republic.


14 posted on 08/29/2011 11:45:39 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: reaganaut1

Ponzi scheme is correct


15 posted on 08/29/2011 11:45:53 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: DRey

You don’t believe that for one minute.


16 posted on 08/29/2011 11:46:24 AM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: reaganaut1

Someone cue ‘Captain Obvious’...


17 posted on 08/29/2011 11:47:04 AM PDT by LaybackLenny (All hail Her Royal Highness Sarah, Queen of The Hobbits)
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To: reaganaut1

Oh, oh... He let the cat out of the bag.


18 posted on 08/29/2011 11:49:28 AM PDT by Brilliant
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To: reaganaut1

The truth is the truth. If I had had a private non speculative retirement portfolio and had been required to deposit into it every month I would be getting 2-3 times the return. Rick Perry is right. And Paul Ryan is right about Medicare. It would be a lot cheaper to just pay the insurance premiums for private insurance for seniors and let them choose their own doctors etc. they would get more bang for their buck and it would eliminate the waste and fraud.


19 posted on 08/29/2011 11:49:38 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: reaganaut1

I absolutely loathe SS. People should get what they paid into it. They don’t. I like Chile’s system more.

Agree with others that this might be Perry’s Achilles heel for him. The Dems will harp about how Perry is such a meanie for wanting to throw Granny to the curb.

Yet watch which countries the Dem harpies flock to when SS REALLY goes belly up.


20 posted on 08/29/2011 11:51:27 AM PDT by Soothesayer9
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