Presidential candidate Governor Rick Perry's claim that Social Security is a "Ponzi scheme" sparked a firestorm, but the comparison is not wholly inappropriate. Even so, that is wrong issue to focus on.
There is no realistic basis for the comparison between Social Security and a Ponzi scheme. The proper response to Governor Perry's charge should have been to ask whether he had any understanding at all about the country's most important social program.
The danger to Social Security isn't the people like Paul Ryan or Rick Perry who want to tweak it to try to make it viable long-term; it's the demagogues who think there's a political advantage to be gained by lying about attempts to reform the program.
The media have portrayed Governor Rick Perry's description of Social Security as a "Ponzi scheme" as the latest extreme statement of an unconventionally candid candidate. But his full remarks reveal just as much about Republicans' strategy for cutting Social Security.
"We need to balance the budget in order to grow the economy." In the midst of the federal budget debt ceiling food fight, this may be one of the only ideas both political parties can more or less agree on.
While much is yet to be discovered about the full effect of hydrofracking, what is known to date would suggest that the gas industry would want to really take a good look at developing a long-term investment strategy of renewable resources, quickly.