Posted on 08/29/2011 12:04:46 PM PDT by tobyhill
Republican presidential candidate Rick Perry continued his attack on Social Security over the weekend, calling it a "Ponzi scheme" and a "monstrous lie" to younger Americans who should not expect to get back their contributions upon retirement.
"It is a Ponzi scheme for these young people. 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," Perry said, according to the Houston Chronicle.
"It is a monstrous lie on this generation, and we can't do that to them," Perry told a crowd a The Vine Coffeehouse in Ottumwa, Iowa.
(Excerpt) Read more at cbsnews.com ...
In the same breathe, he’s saying something has to change...
It may be a ponzi, but until a better solution presents itself....
Yes of course he speaks the ABSOLUTE TRUTH. At the same time he provide plenty of ammo to Plouffe and Axelrod to scare senior citizens.
I do not think so.
Obama 2nd term confirmed.
The solution was proposed during the last administration. Allow workers to keep some of their own money and invest it in the actual private retirement markets, not letting the thieves in Washington keep stealing it.
Sometimes the truth hurts.
... then we'll just let it destroy America's future, reducing our grandchildren into a life of poverty and ruin, because a nice man promised us Social Security one day during one of his fireside chats.
According to the 2009 Social Security and Medicare Trustees Report, the unfunded liablilty for Social Security is $17.5 trillion (it’s certainly greater now).
Now once Perry’s critics tell me where they’re going to find that $17.5 trillion, I’ll take their complaints about Perry seriously.
There has always been a better solution: Family and charity.
Gov. Perry needs to stop trying to be so tactful. He left out the word “Giant” when describing the grandaddy of “entitlement” taxes.
Tell it like it is Governor Perry, tell it like it is.
Michael Reagan says in an interview that Rick Perry is the most reaganesque of the whole group. But, what does he know?
http://www.youtube.com/watch?v=ItRsDWw5rAg
“It may be a ponzi, but until a better solution presents itself....’
Ask the Chileans about their government retirement system.
I that’s too exotic, talk to the people in Galveston, Texas.
Let people keep and invest their own money. Instead of getting a $700/month check from Social Security; the same 40 year amount of contributions would probably give that same person $3,000/month.
We would have a revolution in the streets if people understood this.
Ultimately, FDR is the worst president this country has ever had. Even if you add the damage done by all the lousy presidents together, (Carter, Obama, Johnson, et al), you don’t get anything close to the damage FDR wrought - he paved the way for them all. Unfortunately, the American voter rewarded his misrule with 4 terms. I have a feeling that these attacks could ultimately sink Perry, given FDR’s status as some kind of American deity.
Obama 2nd term confirmed.I don't know if I would go that far but I certainly don't see this as a winning issue.
It sure didn't help Bush trying to push this after his 2004 re-election.
What's Perry doing here?
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