Perry: Social Security "Is A Monstrous Lie" That Won't Be There For Our Kids

September 07, 2011 9:28 pm ET

From the September 7, 2011, GOP Reagan presidential debate on MSNBC:

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GOV. RICK PERRY: People who are on Social Security today, men and women who are receiving those benefits today, or individuals my age that are in line pretty quick to get them, they don't need to worry about anything. But I think the Republican candidates are talking about ways to transition this program. And it is a monstrous lie. It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you're paying into that program that's gonna be there. Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and it's not right. [...]

If Vice President Cheney or anyone else says that the program that we have in place today, and young people who are paying into that expect that program to be sound and for them to receive benefits when they reach retirement age, that is just a lie. And I don't care what anyone says. We know that. The American people know that. More importantly those 25- and 30-year-olds know that.


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