Skip to comments.Rove: Perry Holds 'Toxic' Views on Social Security
Posted on 09/07/2011 8:00:28 AM PDT by AAABEST
Karl Rove slammed GOP presidential candidate Rick Perry on ABCs Good Morning America on Wednesday, calling his views on Social Security toxic.
Such views, Rove said, are toxic in a general-election environment, and they are also toxic in a Republican primary.
And if you say Social Security is a failure and ought to be replaced by a state-level program, then people are going to say, What do you mean by that? and make a judgment based on your answer to it, he added.
(Excerpt) Read more at nationaljournal.com ...
Truth = Toxic. Interesting perspective...
It should not be replaced by a state-level program it should be replaced by individual retirement accounts.
State-level socialism is still socialism
He’ll probably be on Hannity this afternoon to expand his comments in the matter.
Look at those who scream on FR when SS comes up. There are very few who will say “I will take care of mine and myself”.
Perry ended his chances when he spoke out about SS. No one really wants to address the problem, or the fact that they have to start being responsible for themselves. Same with Fedgov pensions.
I have come to realize that it will take a complete collapse to change things.
I wonder if Rove is posting here in FR. If so, I wonder which one of the anti-Perry gnat-swarm usernames he’s posting under.
Wouldn’t that be “held?” He’s walked back from the statements made in his book.
Statements that were truthful, but I guess there’s an election to be won...
“Truth = Toxic. Interesting perspective.”
Long Live Big Brother!!!
Rove is an ass.
Why does anyone care what Karl Rove thinks? I wish the media would stop giving him a platform! He is the a large part of the reason that the Rs lost control of Congress in 2006 and got shellacked in 2008.
The Tea Party was formed in response to people like him who have no guiding principles but just like to manipulate things to their advantage and then blame everyone else when there is a problem!
Of course Rove will deny any animosity towards Perry. Saying he’s “paid to be an analyst.” He’s such a POFS.
State pension plans are going belly-up all over the country and if Perry thinks we need state-level SS instead of individual accounts, that is simply insane.
I wouldn’t say its that toxic. My congressman called social security a ponzi scheme during the last election and he won.
Obviously something has to be done but it must be done carefully.
In the 1980’s public employees in Galveston, Matagorda and Brazoria counties, Texas were released from the social security system. Today those retirees have a funded account that they own and the distributions are at least 50% greater than they would have received under social security.
and never forget..Rove stole the whiteboard from Tim Russert..
Didn’t your Congresscritter enter the race? Is it Thaddeus McCotter?
What do you think of the guy? I did get a kick out of his libspeak lesson in Congress.
Perry ended his chances when he spoke out about SS.
Yep, the Texas Municipal Retirement System right? or something like that.
But a state-level SS? That would be crazy. It’d end up just like all those broke state pension funds.
McCotter isn’t my congressman. Mine is Tim Walberg in the 7th district.
The democrat response.
I don’t know all the details of Paul Ryan’s plan, but here is mine:
For every working person under the age of 35 or perhaps 40===give them back the amount of Soc Sec paid in my them & their various employers. The records of such deductions are available.
Then REQUIRE that such funds be put into a PRIVATE IRA or such for each person. They can continue to add to this IRA as they see fit. IF they don’t have enough to live on when they retire- they better have family who will take them in. NO BAILOUTS from the government.
For those above the cutoff, let them keep contributing to Soc Sec as now, but at the FULL rate. The current 2% lower deduction is only going to hurt Soc Sec harder & sooner & NObama knows this.
Those same people over the cutoff can open an IRA, etc, and they can deposit even more amounts to it, if they wish. All deposits to the IRA will be AFTER TAX dollars, but let them put in as much as they see fit.
I totally agree.
Once again Rove crosses the line to damage the republican party, plus what he says is inaccurate as well as irresponsible.
Plus people move from state to state. State-level creates too many complications.
Obviously something has to be done but it must be done carefully.
A smart leader helps the voter understand that the system they fear losing is in danger of wholesale destruction, and they must accept some reforms in order to be able to rely on it.
“Don’t kill the golden goose.”
“We must rescue Social Security from decades of Congressional neglect and irresponsibility. That will mean some sacrifice from those who need it the least (younger would-be retirees and wealthy retirees) in order for it to be there for those who need it the most.”
But go to the SS threads on FR. Go to you local diner. Ask Seniors what they think about someone messing with SS. The view is that it is THEIR money, and anyone who touches it will die.
Perry gave Obambi plenty of rope to hang. Not smart this early.
Rove is suddenly the MSM darling. I’m sorry I ever supported him during the Bush years.
For every working person under the age of 35 or perhaps 40===give them back the amount of Soc Sec paid in my them & their various employers.
In reality, you’d need to increase present or future taxes to get it, so these people would end up paying for it anyway. Better to let them just opt out, and thank them for the taxes Congress spent.
The real solution is to float the retirement age annually to ensure break-even solvency. Work a few more years to avoid bankrupting the nation.
Wow, it is a touchy issue. We have people here that parrot some of those responses. LOL
My idea for “reforming” social security starts with completely unrelated regulation and ends with totally private individual choice retirement funds.
And, then there are his positions on illegal aliens and support for the Texas Dream Act.
Perry is right about social security. Its a ponzi scheme and a joke. An even bigger joke is Karl Rove. Karl, its over for you. No one gives a shit about you anymore. Why does Fox News pay you to spout your drivel day after day? Karl, just go away, retire on your millions, and STFU.
“Ask Seniors what they think about someone messing with SS. The view is that it is THEIR money, and anyone who touches it will die.”
Yet any politician I’ve heard who’s bold enough to speak about SS reform talks about a gradual change that wouldn’t affect those getting or close to getting benefits under the current arrangement.
No Perry fan, but Rove is a moron.
I am not much on forced savings myself, and being not nearly old enough to get SS before it collapses I am completely for personal accounts. As a compromise I think you could set up a govt sponsored retirement system that would avoid being overly coercive like it is now, as well as avoiding the SS ponzi scheme setup.
Every person in America would get one, either thru their bank or with the SSA like it is now. The govt style SS with paycheck withholdings would be the default or you could opt out to do your own thing, or even do both. You could also have other IRA’s but one would be permanent.
Another thing is that any retirement deferred plan with any entity couldn’t be loaned out and must be 100% funded and segregated.
Not sure how Perry’s remarks might play during the Republican primaries, but anyone who says they will not be harmful among some independent voters in a general election is simply kidding themselves.
Candidates can and should talk about SS (and Medicare and Medicaid) reform in a sensible way, but candidates who take it too far will pay a price at the voting booth in a general election.
Hes walked back from the statements made in his book.Not true. He very recently said something like: Read the book. It's what I think.
Is Rove in love with Romney?
I wonder what Perry thinks about the following.
Yeah it’s a ponzi scheme but only because Congress took the taxes of small business and working Americans (the kind that have earned income as opposed to investment) and redistributed it to hedge funders, mega rich, poor, illegals, railroad workers and those in government such as some in Congress, who never paid into SS.
It wasn’t my decision that politicians of both parties spread it around to others instead of lock boxing it to only those who paid, and I don’t accept it is an entitlement.
Perry is a globalist in sheep’s clothing. He overplays the conservative role to cover it up.
Yesterday, I forced myself to tune in to Hannity on WABC here in NY. I had to force myself because we just lost a powerful Conservative voice (Steve Malzberg) on WOR who was on opposite Hannity. Sure enough, within minutes, the dolt Hannity announces that Rove will be on latter that day. I couldn't switch stations fast enough.
Sean Hannity is a useful idiot.
It may harm him among some indies, but it also may help him among other demographics, like the Tea Party and objective indies.
A lot more people are wise to the SS PONZI SCHEME. Anyone who is informed and honest knows that it's nothing less than a PONZI SCHEME.
At last, a politician running for office has the balls to call it exactly what it is, and then not back away from it when pressed.
This isn't the good ol days 20 years ago when any pol who mentioned touching SS was finished. Times have changed and people are beginning to realize that everyone can't have a nice retirement that costs exponentially what the retiree put into it.
When “reality” becomes “toxic” ...most people and societies are on an express train to disaster.
I’ll take care of mine and myself, because there’s no way on God’s green Earth SS or anything like it will survive the 18 years until I’m eligible to collect.
To everyone who’s collecting right now, enjoy my money while it lasts.
He means Perry calling SS a "ponzi scheme" and Perry saying that the younger generation won't have any benefit from the money they're putting in if things continue as they are?
Of course Perry is right. It's similar to a ponzi scheme in that eventually you are making the recipient group too large for the paying group to cover. That is a classic ponzi scheme.
Is it "toxic" politics to talk about such things? Yes, history has proven that SS is the "third rail" of politics.
What is Perry's solution? I'm not sure, but a few indirect quotes seemed to indicate some kind of guaranteed government investing of individual money. I don't know how it would work, but I can see it being cheaper than this current system.
As always, I don't trust any paper wealth that goes up in value simply because more people want to buy that paper this week and goes down in value because people don't want that paper next week.