"Rick Perry: Social Security Is A ‘Monstrous Lie’ And A ‘Ponzi Scheme’"
Fresh off affirming the positions outlined in his book, including that Social Security is unconstitutional, Texas Gov. Rick Perry (R) was quoted by the Houston Chronicle today calling Social Security a “monstrous lie” in Iowa:
Asked by a woman in the crowd about Social Security being viewed as an entitlement program, Perry reiterated the suggestion in his anti-Washington book, Fed Up!, that the program amounts to a Ponzi scheme.
“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.”
Watch video of the remark shot by ThinkProgress’ Scott Keyes: