Tea Partiers ask, “What does Rick Perry’s book REALLY say about Social Security?”
The establishment media and political opponents have made much of Texas Governor Rick Perry’s book “Fed Up!” and his characterization of Social Security as a “Ponzi scheme.” Going into the September 22 Fox News – Google presidential debate (9:00-11:00 p.m. ET on FOX) it is worth taking a look at what Governor Perry really said about Social Security.
Perry begins the section on Social Security and entitlement spending generally on page 58 of the first edition of “Fed Up!” The section cites statistics and quotes establishment authors well known to all who have written and commented on the abysmal state of Social Security’s finances – frankly there’s nothing new or radical there.
The “Ponzi scheme” comment that has drawn so much establishment scorn appears on page 61. Here’s the entire sentence in context: “Ponzi schemes – like the one that sent Bernard Madoff to prison – are illegal in this country for a reason. They are fraudulent systems designed to take in a lot of money at the front and pay out none at the end.”
That is certainly an apt description of Social Security in its present condition, and judging by their responses to a recent online poll, visitors to www.ConservativeHQ.com agree overwhelmingly -- so what’s the big deal?
Here’s the part of Perry’s comments about Social Security that really has the establishment worried: “Is that how we should respect our fellow citizens? By underestimating their intelligence, their desire to retire with greater stability, or their commitment to the next generation… A new culture of do-something-itis now trumps any constitutional restraint and feeds the political beast in Washington, and each generation of national politicians wants to make its mark by finding another place to expand government, failing to address the problems created by the previous generation’s expansion of government.”
What establishment Republicans and Democrats really object to about Texas Governor Rick Perry is his notion that a presidential candidate or President should actually respect the intelligence of his fellow citizens and demand constitutional restraint from Washington. Those ideas directly attack the entire basis of establishment political power, which is to continually expand government to meet the needs of a dull and dependent citizenry.
Whether Rick Perry has the debating skills necessary to effectively defend himself at this week’s “Perry Pinata Party” in Orlando remains to be seen. But the criticism of Perry’s characterization of Social Security as a “Ponzi scheme” is nothing more than a smokescreen from the establishment to hide their fear that if elected, Perry might actually follow the Constitution and do something to end the culture of dependence that is the basis of their power.