Will Rick Perry regret calling Social Security a 'monstrous lie'?

The 2012 candidate expands on his claim that the popular program is essentially a Ponzi scheme — potentially alienating elderly voters

Texas Gov. Rick Perry
(Image credit: REUTERS/Jim Young)

Campaigning in Iowa this weekend, presidential candidate Rick Perry stepped up his criticism of Social Security. The Texas governor, who's been topping 2012 polls, suggested in his anti-Washington book Fed Up! that Social Security is essentially a Ponzi scheme. Though his staff has tried to downplay that position, Perry, asked to defend it this weekend, said the program is a "monstrous lie," because young people are paying into a system that won't be there for them when they retire. Is it unstrategic to attack Social Security when millions of elderly voters rely on it?

This may haunt Perry: The Texas conservative wrote himself into a corner with Fed Up!, says Maggie Haberman at Politico. His no-nonsense, pro-states-rights book appeals to the Republican base, but "discussions of major changes to Social Security are alarming to seniors." Perry will have a lot of explaining to do on the campaign trail: Badmouthing Social Security is not how you win votes in critical swing states like Florida.

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