Rick Perry: Social Security A ‘Monstrous Lie’

(AP/The Huffington Post) — During a stop in Iowa on Saturday Republican presidential candidate Rick Perry stood by his criticism of Social Security as a “Ponzi scheme.” He said the entitlement program amounts to a “monstrous lie” for young Americans, the Houston Chronicle reports.

HuffPost’s Elise Foley reported last week:

…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.”

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