Wednesday, September 14, 2011

Rick Perry and Economics

So Rick Perry is criticizing the economic policies of the Obama Administration.  He is also standing by his statements and his book Fed Up that the Social Security system is a Ponzi scheme.  I am not exactly sure where Gov. Perry learned his economics.  In college at Texas A&M he received a "D" in basic economics.  It was the only class in economics that he took.  He also only managed to get a "B" in US History and in American National Government.

Nobel Laureates have clearly indicated that Social Security is not a Ponzi Scheme.  Even the Social Security Administration explains the difference between a Ponzi Scheme and the pay as you go system that is Social Security.

Gov. Perry's obvious deficiencies in economics are nothing compared to his lack of understanding of the hideousness of the death penalty.  More on that later.

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