Romney, Perry Sparring Over Social Security Reform

“I don’t think the major problem is that Social Security is a Ponzi scheme. I think the problem is keeping it from becoming a Perry scheme.” The battle over Social Security remains in the forefront between Republican presidential hopefuls. This quote comes from current frontrunner Mitt Romney who is taking aim at Texas Governor Rick Perry and Perry’s quip that Social Security is a Ponzi scheme.

Of course, Romney may have been playing to his crowd a little bit. Romney said this at a town hall meeting in Florida, where some four million retired Americans live.  Any criticisms of Social Security are not likely to be welcome in front of that sort of audience.

Romney has spoken strongly in favor of Social Security, but has not yet given many details about how he plans to improve the system’s financial status. “Social Security is not going to change for anyone in this room,” Romney told the Florida crowd. Romney’s suggestions for changing Social Security center on privatizing it, a common proposal from conservatives.

What do you think about the Social Security fight?

Troutman & Troutman, P.C. – Tulsa Social Security disability attorneys



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