By

Walter Shapiro /

The New Republic/ September 8, 2011, 9:07 AM

Rick Perry doubles down on Ponzi

Republican presidential candidate Texas Gov. Rick Perry speaks during a Republican presidential candidate debate at the Reagan Library Wednesday, Sept. 7, 2011, in Simi Valley, Calif.

Republican presidential candidate Texas Gov. Rick Perry speaks during a Republican presidential candidate debate at the Reagan Library Wednesday, Sept. 7, 2011, in Simi Valley, Calif. / AP Photo/Jae C. Hong

In his inaugural presidential debate, Rick Perry had a choice. He could have emulated sports heroes like Charles Barkley in 1991 and Terrell Owens in 2006 and claimed that he was misquoted in his own autobiography. 

Instead, the Texas governor invoked the never-retreat spirit of the Alamo and bravely repeated his description of Social Security as a “Ponzi scheme” and a “monstrous lie to our kids.” That decision spoke volumes about Perry’s literary integrity, but it also may have left him about as electable as Barry Goldwater.

Mitt Romney, who may have had his best debate since his days as a moderate Republican running statewide in Massachusetts, knew how to respond to Perry’s gift-wrapped embrace of his 2010 classic, Fed Up!. Reflecting nearly 50 years of political orthodoxy, Romney said, “Our nominee has to be someone who isn't committed to abolishing Social Security, but who is committed to saving Social Security.”

Perry’s Ponzi scheme rhetoric can easily cause him problems in the caucuses and primaries—in addition to the obvious political burden if he ends up facing Barack Obama. The Republican voters in pivotal early states like Iowa and South Carolina are already in their Easy Listening Years. Nearly three quarters of the Republicans who took part in the 2008 Iowa caucuses were older than 45 and more than a quarter were eligible for Medicare. Two thirds of the GOP voters in the 2008 South Carolina primary were over 45. 

After 25 days that shook the Republican firmament, Perry went into the debate merely having to solidify his position as the poll-vault king of the presidential field. During the opening minutes of the debate, Perry seemed to be deliberately tamping down his Texas twang and rhetorical flamboyance. In fact, the only colorful thing about him was a blue tie so wide that it might have been table linen. 

But Perry is too irrepressible a political figure to remain on the American bland-stand through an entire debate. Before too long, egged on by moderator John Harris from Politico, Perry was going after Karl Rove: “You know, Karl has been over the top for a long time in some of his remarks.” And fresh from suggesting that Federal Reserve Chairman Ben Bernanke’s attempts at economic stimulus were “almost treasonous,” Perry suggested that Obama probably was an “abject liar” about border security.

Surprisingly, the second most devastating attack on Perry came from Ron Paul, rather than Romney or the questioners. The Texas governor has come under fire from social conservatives for his short-lived efforts to vaccinate 12-year-old girls against sexually transmitted diseases. The standard right-wing critique has been that the statewide vaccination program would encourage sexual promiscuity. But Paul objected to the way that Perry unilaterally enacted this program by executive order. The implicit argument was that Perry, for all his anti-Washington bluster, is a Big Government Conservative.

What the debate also proved was that it is hard for any candidate, even Perry, to run as the Jobs Governor. By the time that Romney and Jon Huntsman finished trumpeting their own job-creation records as governor and belittling the purported Texas Miracle, it was difficult to keep all the political boasting straight. The longer this statistical jousting continued, the more likely Republican voters were to conclude that the private sector creates jobs rather than an individual state governor.

There is an irresistible temptation to reduce all debates into round-by-round who-won-and-who-lost scorecards. But most campaign debates are like old-time Chinese food—they seem filling while the TV cameras are rolling, but two hours later most of the gotcha moments and zingers fade into irrelevance. Among the GOP contenders who have been, in effect, grouped into the Lesser Six (everyone but Perry and Romney), Newt Gingrich is the only candidate with the stage presence to seize his occasional moments on camera. Adroitly playing to the anti-media bias of the GOP’s conservative base (many of whom must have cringed at having to watch the debate on MSNBC), Gingrich snapped at the moderators, “Frankly, I’m not interested in your efforts to get Republicans fighting each other.”

The truth is that—without any help from the media—Republicans soon will be attacking each other in a torrent of 30-second spots made possible by the Supreme Court loosening campaign spending laws. That is why the significance of Thursday night’s debate at the Reagan Library is that it took place at a moment in the campaign when the exchanges were still civil. No candidate was asked to repudiate a TV ad, nor did anyone feel the necessity to invoke Ronald Reagan’s 11th Commandment not to speak ill of a fellow Republican.

That is why it is worth wondering what a typical Republican voter in an early primary state—not a political junkie but someone who will eventually pick a candidate—thought after an initial exposure to Rick Perry. The best guess is that this hypothetical GOP voter was neither beguiled by the Texas governor nor permanently turned off by him. But at the end of the evening, after watching Perry for nearly two hours, this voter might have wondered, “What was all the Perry hullabaloo about? And whatever happened to Michele Bachmann?”

Bio: Walter Shapiro is a special correspondent for The New Republic. The opinions expressed in this commentary are solely those of the author.

The New Republic. All rights reserved.
95 Comments Add a Comment
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notreich says:
Perry's utter deceitfulness is shown by the Gallileo thing. Perry says Gallileo(like himself)went against the scientific community and was proven right. Of course, the truth is Gallileo was the scientific community and what he went against was the church, which threatened to burn him at the stake and forced him to recant what everybody now knows is the truth. So Perry's idea of truth there was to turn truth on its head -- a typical Tea Party Republican tactic. Perry says Social Security is a "monstrous lie" but it's clear who the monstrous liar is.
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Dthunderchicken says:
"I heard that 50 years ago when I first started to work."

And I heard it thirty seven years ago when I started working full time. Depending on who's math you choose to believe it'll happen sometime in the next twenty odd years. If your point is that it hasn't happened, that's obvious. But that doesn't mean it isn't on the horizon. I haven't retired yet but that doesn't mean I shouldn't plan for it.
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notreich replies:
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People on SS now were also told when they were 30 that they would never receive Social Security. Fact is, SS is about the best birthright and asset you are born with as an American, unless you get talked out of it by people who apparently don't need it and therefore think everybody who does need it is some kind of lazy no-good scum relying on a socialistic program. In fact, SS is still solvent until 2037 and way before then it will be made solvent way past 2037 unless we get some sort of pseudo-dictatorship by those who want to end SS. By the way, Canada, England and every decent country in Europe is always going to have Social Security and we would be the only one without SS.
Dthunderchicken replies:
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"and way before then it will be made solvent way past 2037"

How? (FWIW, I prefer to plan not to need it.)
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jasperlily says:
Why, in Rick Perry's Texas, do the firemen have to supply their own equipment and pay for the gas to go fight fires? This is the most disgusting thing I've learned of in a long, long time. I hope Perry's home burns down because the firemen are out of money.
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Dthunderchicken replies:
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"Why, in Rick Perry's Texas, do the firemen have to supply their own equipment and pay for the gas to go fight fires? This is the most disgusting thing I've learned of in a long, long time."

It's odd that the Texas Commission on Fire Protection: Basic Certification Requirements documents don't mention that.
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bluesky71 says:
It is apparent from comments below that some people still think the federal government is setting aside money for their Social Security benefits. Please be assured it is not.
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bluesky71 replies:
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To 88 Ronin: My comment is factual. You can draw whatever conclusion you wish.
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Dthunderchicken says:
Perry is essentially correct about Social Security. It's an unsustainable system by where the last ones in will loose. IMO we need to come up with a plan to end the program without hurting those who depend on it.
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retiredgustav replies:
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I heard that 50 years ago when I first started to work.
bluesky71 replies:
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Response to retiredgustav: A lot has changed in 50 years. Social Security benefits have become more bloated. Also, we are approaching a period when the number of "benefit-receivers" (Baby Boomers) has grown considerably relative to the number of "benefit-payers." Finally, the federal government is not on as solid ground as it was 50 years ago. You can't compare apples to oranges.
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Excalibrationist says:
"Majority of Americans Agree With Perry That Social Security Is a Lie"
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Excalibrationist replies:
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http://bigthink.com/ideas/39991
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bonzothemonkey says:
What was Perry thinking about? Talk about the biggest bonehead political mistake in U. S. history! There are 55 million Americans who now directly receive some benefit through the Social Security System. Add to that list all other dependents (live in relations) and others who would find themselves forced to support their parents should Social Security be ended and you've got half the voters in the country with a vested interest in seeing that it continue! My suggestion to him is leave the campaign trail now. He has no chance (nada!) to be the next U. S. president!
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retiredgustav replies:
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vsmit .... that is not what his book says. As for raising the retirement age, that is easy for someone who never worked for a living to say, and RP has been a professional politician all of his adult life.
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smirk5 says:
For a guy who rails against Government, Perry has seemed to consistently pick up a Government paycheck for a awful long time now.
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bonzothemonkey replies:
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Perry has been living in a rented Austin, Texas mansion paid for through a government dole. Cost to Texas taxpayers: over ten grand a month, not including "incidentals"!
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bluesky71 says:
Technically, Social Security is very much like a Ponzi scheme. There is no getting around it.
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smirk5 replies:
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In a Ponzi scheme the vast majority of investors get nothing and lose everything. Nearly everyone who lives to be old enough, gets Social Security. And, Social Security is perfectly fine well into the future if you simply raise the cap. I have two grandparents who would have been on the street without SS. Nearly everyone in the U.S. has close relatives who would be on the street without it. Millions benefit from SS. It's not even close to a Ponzi scheme.
bluesky71 replies:
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To smirk5: I acknowledge what you're saying. However, SS is like a Ponzi scheme in that the government does not actually set aside (in a fund) dollars paid into SS today for the benefit of those who made those payments. It spends those dollars for other things. When they retire, the SS benefits those taxpayers receive (including the grandparents you mention) must then come from CURRENT-YEAR tax collections. The only way this differs from a Ponzi scheme is the federal government has taxing authority to help ensure those future collections. But if the number of young people making those future payments is overwhelmed by the number of retirees...
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Danize says:
Bottom line: Rick Perry is about as subtle as an F-14 Tomcat screaching in full throttle at 500 feet. Mitt Romney, on the other hand, has mastered his stealth mode. Yet aside from his Social Security non-concession, (It's a given that an electable candidate will embrace it.) he carries essentially the same payload in his bomb bay, ie, the McDonaldization of the American work force plus a radically militatistic foreign policy. Forget Perry. It's time to expose what's really under that Mitt.
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