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Rick Perry: Social Security Is, In Fact, A Ponzi Scheme

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Newscom

"It is a Ponzi scheme for these young people," Perry said in Iowa, mimicking his pre-presidential campaign language on the subject of Social Security.

"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," Perry added. "It is a monstrous lie on this generation, and we can't do that to them."

Here's video of the line, captured by ThinkProgress:

What's more, Perry also said "I haven't backed off anything in my book." Not surprisingly, Democrats jumped all over the quotes, sending them out to reporters Monday.

Perry's re-embrace of the Social Security-as-Ponzi scheme thing is likely to endear him further to the tea party types who already support his campaign in big numbers. But polls have shown even the tea party doesn't want to see cuts to Social Security, showing just how dangerous grabbing onto this particular political third rail can be.

So Perry's got a dilemma -- does he stick to his guns on Fed Up!, giving him the sort of "genuine" cred conservative voters crave in a primary candidate? Or does he go the way his staff seems to be suggesting, which frees him from attack-ads-in-a-can like the Ponzi Scheme line? For now it looks like Perry's more interested in staying "real" than becoming more electable.

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