The Ulsterman Report: Mitt Romney’s Own Anti-Social Security Remarks
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.