Perry defends Ponzi, treason, secession talk

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Texas Gov. Rick Perry stands by his comparison of Social Security to a Ponzi scheme. He won’t apologize for characterizing the Federal Reserve as “almost treasonous” or saying he would treat Fed Chairman Ben Bernanke “pretty ugly down in Texas.”

But when the new front-runner in the race for the Republican presidential nomination is asked to explain his remarks suggesting Texas might secede from the rest of the country — which his opponents have used repeatedly in hopes of undermining Perry’s credibility and which they are likely to raise again in Monday’s presidential debate — will Perry again defend his words?

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