Social Security still a "Ponzi scheme" in Perry's eyes

Rick Perry’s spokesman Ray Sullivan told the Wall Street Journal recently that the views in his book “Fed Up!” – such as his description of Social Security as an “illegal Ponzi scheme” – don’t necessarily reflect how he feels now.

But Perry returned to the “Ponzi scheme” description on the campaign trail in Iowa last night:

“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,” Perry said. “It is a monstrous lie on this generation, and we can’t do that to them.”