It is time, and maybe past time for Governor Rick Perry to abandon the term "Ponzi Scheme" for describing Social Security. For one thing, it isn't, in as much as the Government can always tax its way out of the hole being dug. For another, it scares older Democrats, who think that Republicans are cruel, heartless people, who just want to create "death panels" to eliminate the elderly. But, the most important reason is that Nobel Laureate Paul Krugman used the term first. One should never wish to be associated with the ideas of New York Times Columnist Krugman.
It is Zero Hedge that provides the blog post on this, but they also provide a link to the original source.
Hat tip to the Instapundit.
Regards — Cliff
I prefer not to coach idiots, lest it become less easy to identify them.
ReplyDeleteSlick Rick wasted no time repudiating (refudiating?) himself over the "Ponzi" rhetoric, which, to my mind, makes his far less attractive as a candidate. Did he say it first because he was pandering? Or did he reverse himself for that same reason? Either way, it's pretty clear what he is.