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Rick Perry: Social Security Is A ‘Monstrous Lie’ And A ‘Ponzi Scheme’

By Alex Seitz-Wald  

"Rick Perry: Social Security Is A ‘Monstrous Lie’ And A ‘Ponzi Scheme’"

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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:

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