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?
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