Talk radio host Laura Ingraham pressed Congressman Paul Ryan in an interview Tuesday on whether he agreed with Texas governor Rick Perry’s claim that Social Security is a “Ponzi scheme.” Contrary to some reports, Ryan didn’t directly say that Social Security is a Ponzi scheme, but he noted that some aspects of a pay-as-you-go program work like such a scheme. Asked to side with Mitt Romney or Rick Perry in their debate over Social Security, Ryan said: “they’re both right” in saying that the program “is not working, it is going bankrupt, and current seniors will be jeopardized the most by the status quo.”
Here’s the partial transcript from Ryan’s interview with Ingraham:
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