Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

[JoeB131]

Then if its the truth, why is he backing off saying it? Serious question.

See above.

Frankly, the thing is, Obama has admitted reform is needed. Romney has admitted that reform is needed after his Programmers from Kolob got to him.

So what are we really upset with Perry about? That he used a blunt term to describe how we got here? Oh, gosh, you said "Ponzi Scheme"! How dare you articulate the problem in way people can undestand.

Why are we here?

Because when Social Security was enacted, the average life span was 62, and you had 159 contributors to 1 recipiant. Today, the average life span is 78 and there are only 3 contributors to one recipiant. To top it all off, the money that should have been set aside when the fund was posting surpluses was used to buy government bonds, which now have to be paid back.

 

[Zona]

Then if its the truth, why is he backing off saying it? Serious question.

See above.

Frankly, the thing is, Obama has admitted reform is needed. Romney has admitted that reform is needed after his Programmers from Kolob got to him.

So what are we really upset with Perry about? That he used a blunt term to describe how we got here? Oh, gosh, you said "Ponzi Scheme"! How dare you articulate the problem in way people can undestand.

Why are we here?

Because when Social Security was enacted, the average life span was 62, and you had 159 contributors to 1 recipiant. Today, the average life span is 78 and there are only 3 contributors to one recipiant. To top it all off, the money that should have been set aside when the fund was posting surpluses was used to buy government bonds, which now have to be paid back.

Here is the thing...saying "ponzi scheme" and social security in the same sentance guaranteed him to lose the elder vote. That small demographic is not that important is it? He is so done.

 

[Toro]

Yeah, how dare he tell the truth.

Social Security IS a Ponzi Scheme.

And like all Ponzi Schemes, it is running out of money, because they always do. About the time they run out of suckers.

Interesting, isn't it, that Perry is backing off the comment?

Since he really didn't, no.

I think that one can believe that Social Security is a horrible mistake that never should have been enacted yet still realize that you can't get rid of it at this point. It is, after all, a sizeable part of the economy.

I go back to the Great One, Ronald Reagan. Ronald Reagan spoke out against Social Security, and Jimmy Carter attempted to stir up fear amongst old people. Didn't work then, won't work now.

And eventually, he was kind of proven right by the fact that Social Security was nearly broke by about 1983. He had to impose a lot of changes. But he preserved it at the end of the day, bought it another 30 years of life.

Perry will have a hard time winning Florida saying SS is a Ponzi Scheme.

And FTR Reagan raised taxes to help preserve SS.

 

[Skeptik]

Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme," but other Republicans have made similar statements in recent months, saying the entitlement program is a "scheme" to take money from the American people.

Perry has previously taken a hard-line stance against Social Security. In his 2010 book, "Fed Up!" he suggested the program was unconstitutional, put in place "at the expense of respect for the Constitution and limited government." He also wrote that Social Security is "set up like an illegal Ponzi scheme."

Perry has since backed off. His spokesman, Ray Sullivan, told the Wall Street Journal Thursday that the book was not meant to reflect the governor's current views on Social Security.
<more>

Reach out, touch that third... ZZAAPP!! Oh, better let go of that one!

No, that doesn't reflect his current views, unless, of course, he's speaking to an audience that shares those previously held views that he now doesn't hold, in which case, he reverts to his prior views, or whatever the audience wants to hear.

This guy could become the next POTUS, if the Republicans are crazy enough to nominate him and the public is fed up enough with Obama and the economy.

 

[uscitizen]

OHH wow! I wonder how Big Reb will take this?

 

[uscitizen]

Interesting, isn't it, that Perry is backing off the comment?

Since he really didn't, no.

I think that one can believe that Social Security is a horrible mistake that never should have been enacted yet still realize that you can't get rid of it at this point. It is, after all, a sizeable part of the economy.

I go back to the Great One, Ronald Reagan. Ronald Reagan spoke out against Social Security, and Jimmy Carter attempted to stir up fear amongst old people. Didn't work then, won't work now.

And eventually, he was kind of proven right by the fact that Social Security was nearly broke by about 1983. He had to impose a lot of changes. But he preserved it at the end of the day, bought it another 30 years of life.

Perry will have a hard time winning Florida saying SS is a Ponzi Scheme.

And FTR Reagan raised taxes to help preserve SS.

Yeah Reagan raised them far too much and is mostly responsible for all the surplus that has been spent.

 

[McDowell's]

Then if its the truth, why is he backing off saying it? Serious question.

See above.

Frankly, the thing is, Obama has admitted reform is needed. Romney has admitted that reform is needed after his Programmers from Kolob got to him.

So what are we really upset with Perry about? That he used a blunt term to describe how we got here? Oh, gosh, you said "Ponzi Scheme"! How dare you articulate the problem in way people can undestand.

Why are we here?

Because when Social Security was enacted, the average life span was 62, and you had 159 contributors to 1 recipiant. Today, the average life span is 78 and there are only 3 contributors to one recipiant. To top it all off, the money that should have been set aside when the fund was posting surpluses was used to buy government bonds, which now have to be paid back.

That's pretty much it. He has to live with the reality he finds himself in and that is one in which the vast majority of people would rather bury their head in the sand than address the problems with social security. He really isn't helping his case (and ours by extension) by using incendiary rhetoric like ponzi scheme. He would have been much better served to just say social security faces serious structural issues and needs to be modified.

 

[Skeptik]

Then if its the truth, why is he backing off saying it? Serious question.

See above.

Frankly, the thing is, Obama has admitted reform is needed. Romney has admitted that reform is needed after his Programmers from Kolob got to him.

So what are we really upset with Perry about? That he used a blunt term to describe how we got here? Oh, gosh, you said "Ponzi Scheme"! How dare you articulate the problem in way people can undestand.

Why are we here?

Because when Social Security was enacted, the average life span was 62, and you had 159 contributors to 1 recipiant. Today, the average life span is 78 and there are only 3 contributors to one recipiant. To top it all off, the money that should have been set aside when the fund was posting surpluses was used to buy government bonds, which now have to be paid back.

That's pretty much it. He has to live with the reality he finds himself in and that is one in which the vast majority of people would rather bury their head in the sand than address the problems with social security. He really isn't helping his case (and ours by extension) by using incendiary rhetoric like ponzi scheme. He would have been much better served to just say social security faces serious structural issues and needs to be modified.

That would have been a good, moderate, and well reasoned stance.

Not exactly what we'd expect from this guy, is it?

 

[Intense]

That's to much.

This guy is seriously the front runner?

Yeah, how dare he tell the truth.

Social Security IS a Ponzi Scheme.

And like all Ponzi Schemes, it is running out of money, because they always do. About the time they run out of suckers.

is was doing quite fine till it was raided by congress. Now its a all a scheme.
Yeah thats going to win over voters. Insulting them.

You just lost the election.

Nah, we are both Thicker Skinned and smarter than you give us credit for. You should really be worrying about your own.

 

[McDowell's]

That would have been a good, moderate, and well reasoned stance.

Not exactly what we'd expect from this guy, is it?

He's a politician like any other. They say stupid shit and have to cover their asses.

 

[OODA_Loop]

Its more like a Fonzi scheme.

You spend your golden years in the same dingy white t-shirt everyday, relugated to living in somebody else's basement and all can you mutter is "AAAAAAAAA what the fuck happened".

 

[Skeptik]

That would have been a good, moderate, and well reasoned stance.

Not exactly what we'd expect from this guy, is it?

He's a politician like any other. They say stupid shit and have to cover their asses.

true. Then, we have to try to decide which stupid shit they actually believe, and what they may do about it if elected.

Some of Perry's beliefs do make me wonder.

 

[oreo]

That's to much.

This guy is seriously the front runner?

Secretariat coming down the lane 50 laps ahead of the field! It's Rick Perry with jobs for Americans being ahead of all the other 50 states. The WINNER's CIRCLE!!!

Ain't America grand, Mr. Sallow.

Texas is an oil and gas state--and much of the growth in that state was due to G.W. Bush issuing permits to drill. Plus--Texas has never had a split house--it's always a republican majority.

Romney was right--and he has a lot more experience in creating private sector jobs--as he has worked in the private sector--where Perry has been in government for a very long time.

 

[Zona]

That would have been a good, moderate, and well reasoned stance.

Not exactly what we'd expect from this guy, is it?

He's a politician like any other. They say stupid shit and have to cover their asses.

Yeah but this putz put them in his book. He cant run from that and I feel as though its exactly how he feels.

He is scary!

 

[Missourian]

Both Political Junk & the HuffingPaint post lie thru their teeth.

Perry is saying EXACTLY what he has said since day one.

Social security is broken...no one my age (39) with a lick of common sense believes they will ever see it.

Perry has said all along that Social Security is a ponzi scheme for YOUNG PEOPLE.

 

[uscitizen]

is was doing quite fine till it was raided by congress. Now its a all a scheme.
Yeah thats going to win over voters. Insulting them.

You just lost the election.

Nah, we are both Thicker Skinned and smarter than you give us credit for. You should really be worrying about your own.

i dont have a person i am voting for....I dont like anyone who is in office or running.

I am just here for the entertain value of you people thinking any of this matters.

Same here, I am not voting this time around.

 

[Missourian]

Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme," but other Republicans have made similar statements in recent months, saying the entitlement program is a "scheme" to take money from the American people.

Perry has previously taken a hard-line stance against Social Security. In his 2010 book, "Fed Up!" he suggested the program was unconstitutional, put in place "at the expense of respect for the Constitution and limited government." He also wrote that Social Security is "set up like an illegal Ponzi scheme."

Perry has since backed off. His spokesman, Ray Sullivan, told the Wall Street Journal Thursday that the book was not meant to reflect the governor's current views on Social Security.
<more>

The date of your article is 8-19-2011...dumbass.

 

[Political Junky]

Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme," but other Republicans have made similar statements in recent months, saying the entitlement program is a "scheme" to take money from the American people.

Perry has previously taken a hard-line stance against Social Security. In his 2010 book, "Fed Up!" he suggested the program was unconstitutional, put in place "at the expense of respect for the Constitution and limited government." He also wrote that Social Security is "set up like an illegal Ponzi scheme."

Perry has since backed off. His spokesman, Ray Sullivan, told the Wall Street Journal Thursday that the book was not meant to reflect the governor's current views on Social Security.
<more>

The date of your article is 8-19-2011...dumbass.

OK, so that means he's flip flopped.

 

[Missourian]

Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme," but other Republicans have made similar statements in recent months, saying the entitlement program is a "scheme" to take money from the American people.

Perry has previously taken a hard-line stance against Social Security. In his 2010 book, "Fed Up!" he suggested the program was unconstitutional, put in place "at the expense of respect for the Constitution and limited government." He also wrote that Social Security is "set up like an illegal Ponzi scheme."

Perry has since backed off. His spokesman, Ray Sullivan, told the Wall Street Journal Thursday that the book was not meant to reflect the governor's current views on Social Security.
<more>

The date of your article is 8-19-2011...dumbass.

You all at arguing over a month old lie.

Obviously Rick Perry didn't wall out back...as he just reiterated it two nights ago.

Let this be a lesson to you...when Political Junk and others post...you best check...double check...then check again.

 

[Missourian]

Rick Perry Backs Off Social Security 'Ponzi Scheme' Comments

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme," but other Republicans have made similar statements in recent months, saying the entitlement program is a "scheme" to take money from the American people.

Perry has previously taken a hard-line stance against Social Security. In his 2010 book, "Fed Up!" he suggested the program was unconstitutional, put in place "at the expense of respect for the Constitution and limited government." He also wrote that Social Security is "set up like an illegal Ponzi scheme."

Perry has since backed off. His spokesman, Ray Sullivan, told the Wall Street Journal Thursday that the book was not meant to reflect the governor's current views on Social Security.
<more>

The date of your article is 8-19-2011...dumbass.

OK, so that means he's flip flopped.

Bullshit....the HuffingPaint is full of crap and so are you.