Texas Gov. Rick Perry calls Social Security a Ponzi scheme, but he's stopping short of saying whether he would dismantle it.
Perry spoke on "Fox News Sunday." He has previously compared Social Security to an illegal Ponzi scheme. In such a scheme, early investors are paid with money put in by later investors, and no real investments are made.
Perry says Social Security qualifies because retirees are paid with money put in by people now working.
"Fox News Sunday" host Chris Wallace asked Perry whether he would end Social Security as a federal program.
Perry didn't directly answer the question. He says he wants to focus on Medicaid first and as part of that there can be talk of how to put Social Security on "better and more solid footing."
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.