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Visit msnbc.com for breaking news, world news, and news about the economy
Rick Perry is lying about Social Security being a Ponzi scheme. At it's core Social Security Retirement is a term insurance plan in which the money paid in during the current year pays the benefits paid out the same year. That is exactly the same plan as term life insurance, and it is a financial model of the reality. The working people this year much provide sufficient goods and services to support all workers and all non-workers together. Remember, non-workers include non-working spouses, children, retired individuals and wealthy investors who don't do anything real for the economy.
Visit msnbc.com for breaking news, world news, and news about the economy
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