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After the debate, the Romney campaign slammed Perry for standing by his
earlier statement that social security is a Ponzi scheme. 'It is a
Ponzi scheme to tell our kids that are 25 or 30 years old today, you're
paying into a program that's going to be there,' said Perry at the
debate. 'Anybody that's for the status quo with Social Security today
is involved with a monstrous lie to our kids, and it's not right.'
The Romney campaign seized on the remarks, saying that someone who
believed that could not win the Republican primary, much less a general
election." Can America elect a president who understands basic math? So
far the evidence is against it.
[Daily
Caller Full]
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THE
HILL is representative of the media hysteria over the "Ponzi
Debacle."
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Here
is the basic problem Perry has: For 70 years, Social Security has been
one of the most popular and productive programs to help senior
citizens. Republicans and Democrats have supported it.
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Big surprise. People who got something for nothing like it.
But, is it a Ponzi scheme Mr. Hill Magazine?
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The term
Ponzi scheme has a very specific meaning for the type of swindle
originating with Charles Ponzi in 1919 and continuing with the likes of
Bernie Madoff. It promised quick and sure returns, used new, voluntary
investors to pay old ones and is inherently a sham.
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Blah-blah-blah Hill— We knew what a Ponzi scheme is, so tell us
why Social Security isn't one!
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....
the key is that this is not “voluntary.”
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Oh. Well, there you have it. It's not a Ponzi scheme
because gummint can actually kill you if you resist tax collectors.
It's all so easy now.
By-the-by, I'm sure someone can elucidate me here, but I haven't
yet read or heard where Perry said he wants to "abolish Social
Security," not that it's a bad idea. I do find leftards
putting the words in his mouth, like this
guy.
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–
Speaking to a crowd of supporters near the Alamo, in San Antonio, Texas
Governor Rick Perry said if he has his way he will put an end to “all
the freebies” and start by getting rid of
Social Security, Medicare,
and Free Speech.
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