NEW YORK (CNNMoney) - Rick Perry is not a fan of social security - or is he?
Governor of Texas and 2012 presidential candidate wrote the 2010 book "bored!" that the program is "crumbling monument to the failure of the New Deal," which is mistakenly referred to as "a mythical concept of salvation."
Social security is an example of the federal government of-reach and security, "clearly intended to be permanent and legal status," he wrote.
Perry and often use inflammatory language to pillory the program.
"This is a Ponzi scheme for these children," he told a crowd in Iowa during the weekend. "The idea that they are working and paying Social Security today, as the current program will be there for them, is a lie."
Just do not find us for sure.
But Perry is not recommended that social security was killed. Instead, his public statements suggest a willingness to consider a number of policy changes that could return to program a path to long-term solvency.
"I think we need a national dialogue on how we can save social security program that people expect to have a retirement program in this country," Perry told reporters.
CNNMoney, Perry campaign said the candidate wants to talk about "options" to fix the system, which is "broken and unsustainable."
This is a flagrant violation of Perry "Ponzi scheme" rhetoric.
Performance of the Government on 8 cents
"I do not think it's accurate to call it a Ponzi scheme," said Robert Bixby, Concord Coalition director. "Ponzi scheme is a fraudulent and people do not know what will happen."
Although Social Security is reformed in the long run, it is enough revenue coming around for a long time - despite the doomsday predictions of Perry.
"The program we will," said Bixby. "It 'just not willing to pay the promised benefits of the current formula - but it is something different than the program does not exist."
Currently, the program will continue to pay 100% of promised benefits until about 2036. After that, simply can not pay promised benefits for three quarters, if nothing is done.
Perry even has some ideas of its own - like hiking the retirement age - to save him.
"We have to decide - we need to raise the eligibility age ... and literally have thought this good conversation about the program and what we really want the program to be," said Perry, Iowa .
He also said, "needs test" to limit the fees should be considered rich.
Although it is unclear exactly what Perry means test would be President Obama's tax on Social Security, the Commission recommended that the repair could slow the growth in high-income benefit.
"His ideas are not unusual, but I hate when people use unnecessary rhetoric just to make a campaign speech," said Jason Fichtner, a former chief economist at the Social Security Administration, working now Mercatus Center at George Mason conservative.
Of course, with the exception of taxes on the richest, the most ardent advocates of increased social security voice against any change in the system - and Perry asked in the past to privatize Social Security.
Fixing social security: the "fruit on hand"
Perry wrote in his book that people would do better if allowed to invest their money rather than money to the government believed.
It would be a radical change in the program - which helped to sink former President George W. Bush 's plan to reform Social Security.
Perry wrote that "if you say that Social Security is a failure ... you inherit the wind of political derision. "
This argument is, in fact, reflects the traditional political thought. Fichtner, but thinks that the public may be catching on.
"The audience will be wise for politicians to use rhetoric to cover the debate," he said.
Published: August 30, 2011: 10:41 ET








0 comments:
Post a Comment