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PERRY calls Social Security ‘monstrous lie’ – Houston Chronicle

August 28, 2011

Perry calls Social Security ‘monstrous lie’


Sunday, August 28, 2011

Republican presidential candidate Rick Perry addresses supporters at the Polk County GOP summer picnic in Des Moines on Saturday. Photo: STF

OTTUMWA, Iowa – Riding high in the polls, Gov. Rick Perry rode into Iowa on Saturday with tough talk on President Obama, the economy and foreign policy and a declaration that Social Security is not only a Ponzi scheme but a “monstrous lie” for younger people.

“If you’re for the status quo in America, I’m not your guy,” Perry told an overflow crowd eager to see the presidential candidate at The Vine Coffeehouse, where people repeatedly sang God Bless America – once to try to encourage Perry to come in from shaking hands with people outside.

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.”

Later, in Des Moines, when a reporter asked about the suggestion that his campaign was backing off some positions in the staunch states-rights book, Perry said, “I haven’t backed off anything in my book. So read the book again and get it right.”

National Conversation

He told the Ottumwa crowd that for people who are drawing Social Security or near eligibility “like me,” he wasn’t proposing a change in the program. But he said there should be a national conversation about potential changes for others, including raising the age of eligibility and establishing a threshold based on a person’s means.

“Does Warren Buffett need to get Social Security? Maybe not,” he said.

Presenting himself as the candidate who can put Americans back to work, Perry listed jobs lost in Iowa “since President Obama took over as president” and said one in eight Iowans is on food stamps.

“To be fair, President Obama inherited a bad economy, but he sure made it worse,” contended Perry, who offered general suggestions for improvement such as limiting and simplifying taxes and the need to “quit spending money we don’t have.”

On foreign policy, Perry when asked about Israel cited a statement by Obama that Israel-Palestine borders should be based on the 1967 lines with mutually agreed swaps – a position Perry called “throwing Israel under the bus.”

“I’m going to stand with Israel,” he said.

Asked whether he’d consider preemptive strikes on Iran’s nuclear facilities, Perry said there are “a lot of different ways to deal with Iran,” including diplomatically and financially, But he added, “I’m never going to take off the table our ability to have a military solution to a country like Iran.”

via Perry calls Social Security ‘monstrous lie’ – Houston Chronicle.

One Comment
  1. August 28, 2011 5:41 PM

    My father died 16 years ago. He retired about 30 years ago. My mother receives his Social Security check. The money helps to pay for her remaining years in a nursing home. Now that I and my wife are retired about 60% of our income comes from Social Security.

    Social Security is an insurance system that helps provide a safety net for the elderly. The median household income in the United States is $46,326. Pretty hard to save very much money on that amount. The average retirement account is about $75,000. So obviously Social Security is a necessity for most people. Look at the changes in the stock market just since the year 2000 and you know why private accounts won’t work.

    Rick Perry is living on another planet.

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