Yes, it's a Ponzi scheme; no, Rick Perry doesn't have the answer

Economist Peter Morici says Social Security is, by definition, a Ponzi scheme, but Rick Perry's ideas for privatizing the system won't work any better than President Obama's ignore-it-and-hope-it-goes-away strategy.

Economist Peter Morici says Social Security is, by definition, a Ponzi scheme, but Rick Perry's ideas for privatizing the system won't work any better than President Obama's ignore-it-and-hope-it-goes-away strategy.

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