Rick Perry: 'Social Security a Ponzi Scheme'
Rick Perry declared that Social Security is a Ponzi scheme that is a “monstrous lie” for younger people during a campaign stop in Iowa Saturday, reports Chron.com
“If you’re for the status quo in America, I’m not your guy,” Perry told onlookers at The Vine Coffeehouse.
The presidential hopeful went on to address a question from a woman in the audience about Social Security being perceived as an entitlement program.
“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.”