Perry Again Calls Social Security a Ponzi Scheme

If this weekend showed one thing (hurricanes aside), it’s that Texas Gov. Rick Perry will continue to be Rick Perry.

The governor again called Social Security a “Ponzi scheme” Saturday during a campaign stop in Ottumwa, Iowa. It’s not a new line for Mr. Perry — he used the same description in his 2010 book, “Fed Up!” But it’s one his campaign previously told The Wall Street Journal he may avoid now that he’s running for president.

“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,” Mr. Perry told the crowd. He added during a later stop in Des Moines, “I haven’t backed off anything in my book. So read the book again and get it right.”

In print, Mr. Perry suggested the New Deal-era entitlement program was unconstitutional when he said it was…

Read More: WSJ Blogs