Close to 69,000 San Bernardino County residents are participating in a ponzi scheme, according to Republican presidential candidate and Texas Gov. Rick Perry.
Making a campaign stop in Iowa, Perry continued his criticisms of Social Security by calling it a “monstrous lie.” He first criticized the program in his recently released book “Fed Up!”
“It is a ponzi scheme for these young people,” he said in Iowa. “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. It is a monstrous lie on this generation, and we can’t do that to them.”
While he was talking about the future of the program and suggesting it needed to be changed so future generations could get the same benefits people got today, he still was talking harshly about a program that is one of the most loved in the country – something that could cost him the White House in a probable general election match-up against President Barack Obama.
Social Security has been projected to payout benefits in full for almost 30 more years. It also helps nearly 1.3 million Californians and almost 69,000 people in San Bernardino County, according to the Social Security Administration.
Perry said there needed to be a serious conversation about entitlement programs and reforming them so they will last well into the future. While campaigning in Iowa, he also said he could consider a means-test of the program.
“Does Warren Buffett need to get Social Security?” he asked the crowd. “Maybe not.”
If the Texas governor hopes to get into the White House, though, he might want to reduce his criticisms and harsh words for the program. According to the New York Times earlier in the year, the American people were strongly opposed to cutting benefits for seniors.
“Nearly two-thirds of Americans choose higher payroll taxes for Medicare and Social Security over reduced benefits in either program,” The Times reported. “And asked to choose among cuts to Medicare, Social Security or the nation’s third-largest spending program – the military – a majority by a large margin said cut the Pentagon.”
Americans also said they rather increase taxes to pay for Medicare than cut benefits by a 64 percent to 24 percent margin – almost identical percentages were given for the same question about Social Security. A recent CNN poll also has shown similar views of the social programs. In it, 78 percent of respondents said Social Security should be protected from significant cuts.
There is no question the programs need to be reformed so they can remain the same programs the majority of Americans have grown to love and expect to have for generations to come. Each party has ideas on how best to go about those reforms, but if the polls are any indication, Perry’s views about the program are not in-line with the rest of the American people and are opinions that could cost him dearly.
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