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GOP Debate 9/7/2011
Topic Started: Sep 7 2011, 08:58 PM (754 Views)
Mason
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Is it so sensitive, or so easily manipulated, that you can't explain to people receiving it that they won't be affected?

He's not talking about dismantling it, is he?

He's not talking about effecting those receiving it now, is he?

I agree he needs to handle the issue differently, I don't think he should adopt the Policy of worshiping it on the Altar. Shouldn't someone answer to why that money was spent - and why we still continue to spend 4.1 B a day?


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LTC8K6
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Assistant to The Devil Himself
http://www.powerlineblog.com/archives/2011/09/tom-friedman-explains.php

Quote:
 
You’re idiotic, he explained

Is Social Security something of a Ponzi scheme? It seems to me to partake of its essential elements, requiring new “investors” to pay off previous “investors.” The trappings of the program are sufficiently misleading that they would land principals operating in the private sector in serious trouble. Thanks to a variety of material misrepresentations, as John recently noted, many Americans still believe that the government maintains an “account” in their name holding assets; some even think that their “account” contains their own contributions, carefully set aside for their retirement by Franklin Roosevelt or his successors.

John went so far as to say that if this is not the biggest fraud in the history of the human race, it is certainly in the top five. Shikha Dalmia argues that the program is worse than a Ponzi scheme.

Following up on this week’s GOP presidential candidates’ debate at the Reagan library (full transcript here), CNBC’s Rick Santelli asked New York Times columnist Tom Friedman if he thought that Social Security was a Ponzi scheme. Friedman couldn’t agree of course, because in the GOP debate the troglodytic (in the view of the Times) Rick Perry had just stood by his assertion that it is. We can all learn something from Friedman’s lucid response to Santelli’s question (video below).

http://www.powerlineblog.com/archives/2011/09/tom-friedman-explains.php

Also see:

http://dailycaller.com/2011/09/08/rick-santelli-to-tom-friedman-youre-idiotic/#ooid=I2a2FzMjpm8tgq1djtzImB0VzJYEu2gn
Edited by LTC8K6, Sep 9 2011, 07:39 AM.
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LTC8K6
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http://dailycaller.com/2011/09/09/chris-matthews-social-security-admission-it-is-a-ponzi-scheme/

Chris Matthews agrees with Perry...
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kbp

LTC's post
 
...Thanks to a variety of material misrepresentations, as John recently noted, many Americans still believe that the government maintains an “account” in their name holding assets; some even think that their “account” contains their own contributions, carefully set aside for their retirement by Franklin Roosevelt or his successors.



That account statement fools quite few, and many actually confuse the numbers to think it shows some enormous amount they have paid in.
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Baldo
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Rick Perry's Social Security Problem

At a moment when liberals are growing nervous about President Obama’s commitment to defending entitlement programs, it was strange to hear a ringing defense of Social Security come from a Republican, Mitt Romney, in Wednesday’s debate. This indicates two things: first, protecting Social Security must poll extremely well, even among Republican primary-goers, or Romney would not have been so outspoken in his defense of it (he’s not exactly known for taking stands that could thwart his political ambitions). Second, he thinks he’s found his line of attack against Rick Perry, who reiterated during the debate his belief that Social Security is a “Ponzi scheme.”

I think Romney’s on to something. In the spin room afterward, Perry’s problem became clear. On the one hand, he won’t back down from the “Ponzi scheme” claim because that would threaten his image as the forthright Texan who knows exactly what he believes and doesn’t waver. On the other hand, his advisers clearly recognize the danger of Perry’s appearing as though he wants to gut Social Security. Each of them insisted that Perry hadn’t changed his position on Social Security, while also emphasizing that he would not end the program or mess with the benefits of anyone about to retire. Those positions seem hard to reconcile. They’ll be harder still when Perry takes the stage for the next GOP debate on Monday in Florida before a sizeable crowd of retirees.

http://www.businessweek.com/politics-policy/joshua-green-on-politics/archives/2011/09/rick_perrys_social_security_problem.html


It is a very tight line Perry is attempting to walk and a needless one at this time. In the future perhaps, but at this time SS is not the reason we are in trouble. You need the fry your fish in order and be very careful when you talk about a monthly check that goes out to 33 million Americans.
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