The Ulsterman Report: Mitt Romney’s Own Anti-Social Security Remarks
Published by Ulsterman on September 12, 2011 in US Politics-
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Despite his attacks against Texas Governor Rick Perry’s description of a Social Security "ponzi scheme" presidential candidate Mitt Romney indicated Social Security was an illegal government program in his own book published just last year.
The Mitt Romney camp has been jumping on the Rick Perry “Ponzi scheme” description of Social Security since last week’s Republican debate concluded. Calling Perry’s words irresponsible, Romney is clearly attempting to position himself as the more “mainstream”, and therefore more electable candidate than his Texas governor counterpart.
Ah, but wait! What of this passage from Romney’s 2010 book No Apology where he too likens Social Security to an illegal government mishandling of the people’s money:
“Let’s look at what would happen if someone in the private sector did a similar thing. Suppose two grandparents created a trust fund, appointed a bank as trustee, and instructed the bank to invest the proceeds of the trust fund so as to provide for their grandchildren’s education. Suppose further that the bank used the proceeds for its own purposes, so that when the grandchildren turned eighteen, there was no money for them to go to college. What would happen to the bankers responsible for misusing the money? They would go to jail. But what has happened to the people responsible for the looming bankruptcy of Social Security? They keep returning to Congress every two years.”
Is Romney back to his old waffling ways that turned off Republican voters in 2008? Tonight’s GOP debate on CNN will likely provide a bit more clarification on the Romney position.
As for Governor Rick Perry and his Ponzi-scheme views on Social Security – he’s right. Except in the case of a Ponzi-scheme, those robbed of their money have the initial choice to become involved in the scam. In the case of Social Security, your involvement is mandatory.
Romney recently came out and endorsed candidate Ronald Reagan for the Republican Presidential Nomination of 1980 …
In the context of which Romney spoke in his book; the criminality involved in Social Security comes by way of Congress using specified payroll taxes for uses other than Social Security. If only those Social Security payroll taxes had remained in a ‘lock-box’ that Congress was forbidden to consider.
Lame Cherry also gas some interesting observations on Gov Perry’s lame excuse if taking money that should be used to educate Am citizens and giving those finds to children of illegals. Interestingly, I’n hos remark at the Tea Party debate, he said it’s either that, or put them on the dole. ??????
Since when do we have to put illegals on the dole?
Ulsterman,
Having done some extensive research on Social Security – Mitt Romnny is RIGHT! If you go back and read the original bill, and even with changes made in the 1980’s Social Security was to be operated like a Trust Fund and the Government was supposed to have the same fiduciary responsibilities as a Bank does for a Trust Fund, including ALL applicable laws.
Both Parties in Congress have egregiously violated that Trust. Clinton did have it “Fixed” with his welfare to work plan passed in 1996. Obama blew that away in his first Stimulus Bill passed in February 2009 and canceled the law “because he didn’t like it”. Obama uses Social Security for welfare, support of illegals – his two relatives in Boston, as well as the Somsli’s in Minnesota are perfect examples of how Obama is Stealing (Embezzling) money from American Citizens. His latest “Jobs Bill” is yet another way Obama is violating Trust Fund and other applicable laws in regards to Social Security, as you have been pointing out.
Technically, even if you give a pass to Congress for voting for Mis-Use of Funds, prior to 1996, according to current law ALL Congresspeople, and especially Obama, should get much, much worse jail time and penalties than Bernie Madoff, who receieved 150 years plus the sale of ALL his assets.
Mitt Romney is very talkative.I prefer Perry: he is humble.
Are Ulsterman and Pat Dollard the Same Person?