American Morning

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September 12th, 2011
05:22 AM ET

Talk Back: Will Rick Perry's stance on Social Security hurt his campaign?

From CNN's Carol Costello:

During last week's GOP debate, Texas governor and presidential hopeful Rick Perry stood by his statement that Social Security is a "Ponzi scheme,"  saying "maybe it's time to have provocative language" because the current Social Security system will fail younger workers.

Although economists acknowledge that Social Security needs to be reformed, the program has enough money to pay full retiree benefits for the next 25 years, and 77% of benefits for sixty years after that.

Perry's remarks have drawn criticism from lawmakers on both sides of the political aisle, although others, like CNN contributor Eric Erickson, are applauding his straight talk.

Talk Back: Will Rick Perry's stance on social security hurt his campaign?

Let us know what you think. Your answer may be read on this morning's broadcast.


Filed under: AM Talk Back
soundoff (6 Responses)
  1. Heidi Halsworth

    If Florida, the state that is home to towns with average ages in the low 90s and retirement communities set up for nearly 100,000 retirees, has anything to do Rick Perry's success then he hasn't done himself any favors. His social security comments may even play well with certain Republicans so it might not hurt him all that much in the primaries. But if he does win the nomination it will end up a sticky issue he will have to address when it comes time to court Florida's voters.

    September 12, 2011 at 7:54 am |
  2. Doug Gorshboth

    Social Security is using new "investors" to pay the older "investors" who got in on the ground floor. Classic Ponzi. The money isn't their – the Gov't took it. Unlike Madoff's scheme, the Gov't uses the threat of jail to force new "investors" to join the scam. These new "investors" will not get out what they paid in. The Gov't class is working furiously to skim their cut right of the top – with fat salaries to manage the scheme.

    September 12, 2011 at 7:54 am |
  3. Caro d'Home

    As a life-long Texan who usually votes Republican, I can honestly say that the only reason I might vote for Perry for President is so that Texas can get a new governor. He makes a good first impression, but listen closely when he gives you a glimpse of the REAL Rick Perry, as evidenced by his statement about Social Security being a Ponzi scheme. Voters beware!

    September 12, 2011 at 7:49 am |
  4. Robert Byer

    I know this is off topic, but why is there no coverage of Buddy Roemer's candidacy? He is a former Governor of Louisiana, an announced Republican candidate fo President, but he gets no coverage and is not invited to these so-called debates. He is saying things that appear to be reasonable, not to mention sane.

    September 12, 2011 at 7:44 am |
  5. Kent Morlan

    Fixing Social Security has been and continues to be very simple. Just remove the cap on the taxing of income to support it. The current cap, just over $100,000 starves the system. Remove the cap and it is fixed.

    September 12, 2011 at 7:41 am |
  6. scott boivin

    I don't care who gets the republican nomination, as long as Obama can beat them in the general election.

    September 12, 2011 at 5:41 am |