THE VILLAGES, Fla. (AP) — Republican presidential candidate Mitt Romney warned senior citizens Tuesday to beware of turning Social Security into a "Perry scheme."
Romney took his latest swipe at one of his opponents, Texas Gov. Rick Perry, while campaigning at one of Florida's largest senior citizen communities, where many residents rely on the federal program.
In a book published last year, Perry argued that the retirement safety net violated states' rights, and he suggested that the program had problems from its inception in the 1930s. Perry says he doesn't want to change the program for older Americans, but he calls Social Security a "Ponzi scheme" because funding problems will mean younger Americans won't receive benefits they are paying for now.
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