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Social Security Is No Ponzi Scheme (Note to Rick Perry): View

As Rick Perry campaigned in Iowa late last month, he made it clear that he doesn’t have much faith in Social Security, one of the most popular U.S. government programs.

“It is a Ponzi scheme for these young people,” Perry said. “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.”