Rick Perry’s claim of higher returns from Social Security alternatives

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Question: "Gov. Perry, what would you do to transform it [Social Security] from what you have described as a 'Ponzi scheme?'"

Texas Gov. Rick Perry (R): "One of the other things that we talked about in the book, 'Fed Up,' was that states could open back up for their employees and/or their retirees -- we did that in the state of Texas back in the `80s. Those counties that participated in that have somewhere between 3 and 5 percent more going to their -- or three to five times more going to their participants who opted out of Social Security."

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Ylan Q. Mui 03 Oct, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=4a14ee4955cd72c3e23262766198a83f
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