Truth, BS, SS And Ponzi Schemes

By: Repair_Man_Jack (Diary)  |  September 13th at 11:07 AM  | 

“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. “It is a monstrous lie on this generation, and we can’t do that to them.” (HT: Houston Chronicle) Governor Rick Perry has been known to unleash some fairly flamboyant | Read More »

Obama Vindicates Rick Perry on Social Security

By: Dan McLaughlin (Diary)  |  September 9th at 11:00 AM  | 

The major controversy right now in the GOP presidential primaries is over Rick Perry’s contention that Social Security is a Ponzi scheme that can’t deliver on its promises under its current structure. Mitt Romney doesn’t exactly dispute this – in fact, Romney himself said the same thing in his book, but then Romney always did like to attack other Republicans for things he himself has | Read More »