Paul Ryan agrees with Rick Perry: Social Security is a Ponzi scheme | Wis.Community

Paul Ryan agrees with Rick Perry: Social Security is a Ponzi scheme

Maybe Paul Ryan really does want to be the vice presidential candidate.  What else explains this lunacy?

On Laura Ingraham’s radio show, Rep. Paul Ryan (R-Wis.) agreed with Texas Gov. Rick Perry (R) that Social Security resembles a Ponzi scheme. “It’s not a criminal enterprise, but it is a pay as you go system where earlier investors, or say taxpayers, get a positive rate of return and the most recent investors, or taxpayers, get a negative rate of return,” said Ryan. “That’s how those schemes work." --

More, including reaction from Wisconsin Dems, on

Published

September 21, 2011 - 3:13pm

Author

randomness