Perry calls Social Security 'monstrous lie'

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Asked by a woman in the crowd about Social Security being viewed as an entitlement program, Perry reiterated that the program amounts to a Ponzi scheme. "It is a Ponzi scheme for these young people. The idea that they're working and paying into Social Security today, that the current program is going to be there for them, is a lie," Perry said. "It is a monstrous lie on this generation, and we can't do that to them."

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