Republican presidential candidate Rick Perry continued his attack on Social Security over the weekend, calling it a “Ponzi scheme” and a “monstrous lie” to younger Americans who should not expect to get back their contributions upon retirement.
“It is a Ponzi scheme for these young people. 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 said, according to the Houston Chronicle.
“It is a monstrous lie on this generation, and we can’t do that to them,” Perry told a crowd a The Vine Coffeehouse in Ottumwa, Iowa.
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