Theodore's World: Gov. Rick Perry's New Ad ~ Proven Leadership

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September 22, 2011

Gov. Rick Perry's New Ad ~ Proven Leadership

Gov. Rick Perry is the only Texas governor since WWII to cut general revenue spending. He signed historic tax cuts and some of the strongest lawsuit reforms in the country. Since June ‘09, more than 40 percent of all net new jobs in America have been created in Texas… No wonder the media wants to knock him out of the race!

Rep. Paul Ryan (R-WI) says Rick Perry is right on Social Security – It IS a Ponzi scheme.

The Hill

The Republican chairman of the House Budget Committee on Tuesday drew fire from Democrats for backing Texas Gov. Rick Perry’s description of Social Security as a “Ponzi scheme.”

Social Security fits the technical definition of a Ponzi scheme, Rep. Paul Ryan (R-Wis.) told conservative Laura Ingraham on her radio show.

“It’s not a criminal enterprise, but it’s 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,” he said. “That is how those schemes work.”

Perry’s description of the Social Security as a “Ponzi sceheme” has been attacked by former Massachusetts Gov. Mitt Romney, Perry’s leading challenger for the GOP presidential nomination. Romney criticized Perry for scaring seniors and wanting to abolish the program, warning that the Republican nominee needs to work to reform the program.

“They’re both right,” Ryan said of Perry and Romney. “[Social Security] is not working, it is going bankrupt, and current seniors will be jeopardized the most by the status quo.”

Wild Thing's comment........

Really good ad, I wonder when the ads will start to show up on TV. I guess it is still too early for that to begin.

Posted by Wild Thing at September 22, 2011 04:50 AM