Rick Perry Echoes Congressional Republicans on Social Security

Older Americans & Seniors

We here in the Democratic Whip Press Shop will leave the political analysis of last night’s Republican debate to the pundits, but a few comments from the current Governor of Texas certainly stood out.

Rick Perry made waves when he reiterated his belief that Social Security is a “Ponzi scheme,” and a “monstrous lie.”

And one look at the record shows that Perry will find a warm reception for his comments among many congressional Republicans, who have tried for years to fundamentally change the program. Just this past June, House Republicans introduced a measure to privatize the program, potentially turning over Americans’ retirement security to the whims of the stock market.

Rep. Jeb Hensarling on Social Security, Medicare and Medicaid: “Let’s remember again the main drivers of this national debt are three large entitlement programs, programs that have been of great comfort and assistance to my parents and grandparents but they’re morphing into cruel ponzi schemes for my 9-year-old daughter and 7-year-olds.” [4.16.11]

Sen. John McCain on Social Security: “It’s a Ponzi scheme that Bernie Madoff would be proud of.” [2.22.11]

Democrats are committed to preserving and protecting this bedrock program and welcome a debate on the merits of its very existence.

In fact, the non-partisan Poltifact.com has declared Perry’s statement unequivocally “False.”

Will Republicans get the message? Or will they continue to scheme for ways to fundamentally alter Social Security for future generations?