Wednesday night, the field of Republican candidates vying for the 2012 presidential nomination squared off in a debate at President Reagan’s library. Despite eight candidates being in attendance, the attention was focused squarely on the first match-up between front-runners Mitt Romney and Rick Perry.
Throughout the debate, Romney and Perry took shots at one another on the subject of job creation, the economy, healthcare, and the viability of Social Security.
During the debate, Rick Perry reiterated his stance on the insolvency of Social Security. When Romney attacked Perry for his well-publicized views on allowing states to opt-out of Social Security, Perry stood his ground and called the 76-year-old program a “Ponzi scheme” and “monstrous lie.”
Over the weekend, Perry explained his thoughts on Social Security, which he discussed in his book, Fed Up.
He told the Houston Chronicle:
“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.”