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"It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you've paid into a program that's going to be there," Rick Perry said at his first presidential debate.
"Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and that's not right."
Elsewhere he has called the program "by any measure … a failure" and cited it as "by far the best example" of an extra-constitutional program "violently tossing aside any respect for our founding principles."
It's a catchy turn of argument, but one monstrously divorced from reality.
His "failure" kept nearly 14 million seniors and 1.1 million children out of poverty last year, according to Census Bureau data.
Here are the facts about Social Security:
Instead it will pay roughly three quarters benefits through 2084, which is as foreseeable a future as anyone can peer into in these matters—a problematic future, but hardly a monstrous one and certainly not an impossible one.
http://www.usnews.com/opinion/articles/2011/09/22/the-gops-lies-and-monstrous-lies
"Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and that's not right."
Elsewhere he has called the program "by any measure … a failure" and cited it as "by far the best example" of an extra-constitutional program "violently tossing aside any respect for our founding principles."
It's a catchy turn of argument, but one monstrously divorced from reality.
His "failure" kept nearly 14 million seniors and 1.1 million children out of poverty last year, according to Census Bureau data.
Here are the facts about Social Security:
- Without any modification, it will pay out full benefits for the next 24 years.
- Starting in 2035, its trust fund will no longer be able to pay full benefits.
Instead it will pay roughly three quarters benefits through 2084, which is as foreseeable a future as anyone can peer into in these matters—a problematic future, but hardly a monstrous one and certainly not an impossible one.
http://www.usnews.com/opinion/articles/2011/09/22/the-gops-lies-and-monstrous-lies