POLITICAL observations & opinions

* Gov. Rick Perry says Social Security is a ‘Ponzi Scheme’ … I wonder what research he performed and what calculations he made to come to that conclusion

Posted by Lew Weinstein on September 8, 2011

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Gov. Perry of Texas

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from the Daily Beast …

Rick Perry’s spokesman recently told The Wall Street Journalthat the candidate no longer necessarily believed attacks he made on Social Security in his book, Fed Up! However, Perry attacked Social Security as an “illegal Ponzi scheme” on the campaign trial in Iowa over the weekend. “It is a Ponzi scheme for these young people,” Perry said Saturday. “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.”

http://www.thedailybeast.com/cheats/2011/08/29/rick-perry-social-security-a-ponzi-scheme.html?om_rid=Nsjkcc&om_mid=_BOW4d2B8c61PHl

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LMW COMMENT …

What planet do these people live on? Perry & Bachmann make a glorious pair.

Gov. Perry must be asked what research he performed and what calculations he made to come to that conclusion. Those are always good questions for people who haven’t really thought things through, haven’t done their homework, and don’t know how to do the arithmetic.

Maybe one of our probing journalists will also ask Gov. Perry to explain what, if he really thinks Social Security is a Ponzi scheme, he proposes to do about it?

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