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Dear South Carolina: Please Give Rick Perry One Last Look

January 11, 2012 By: Scott Spiegel Category: Elections: 2012

Michelle Bachmann, the most conservative and articulate 2012 GOP presidential candidate, dropped out of the race after her poor showing in Iowa last week.  Herman Cain’s disappointing withdrawal last month over spurious sexual harassment allegations suggests we won’t be discussing a flat federal income tax for at least another election cycle.  John Huntsman was a surprisingly conservative governor of Utah, and could still benefit from the shell game Republican voters have been playing with their candidates for the past six months—if voters ever notice he’s running.  Mitt Romney is an unreliable conservative; Newt Gingrich is a combustible bloviator; and Ron Paul is a nutty America-hater.

What about Rick Perry?  Last September, he was the GOP’s latest, greatest hope for about three invigorating weeks.  The only—only—reason Republican voters abandoned him in droves after his bump in the polls was his clunky and unscripted performance in the first few debates—a flaw he’s long since overcome.  Perry’s marble-mouthed tendencies have been limited thus far to one format—the presidential primary debate—and even there he’s improved dramatically, such that commentators have been gushing, “Perry had a really good night!” and “This was the best Perry debate performance so far!”

(I don’t fault Perry for not being able to remember the third agency he would close; there are so many I would shut down, I also would lose track.  When Ron Paul helpfully offered “EPA?” I would have said, “That too!”)

Perry detractors who are incessantly angling for Romney argue that the country doesn’t want another cowboy as president, but those objections are more stylistic than ideological.  I’m confident that conservatives would warm to a President Perry who repealed ObamaCare and rid us of the Commerce, Education, and Energy Departments, even if his Texas twang recalled George W. Bush’s.  As for liberals’ being driven clinically insane by another Lone Star president: Are we seriously counting that as a negative?

As RedState notes in a lengthy, thoughtful endorsement, Governor Perry snatched the Texas governorship at a time when the state was left-leaning; he has won more state elections than all the other candidates combined; and he boasts a fearsome track record as a limited-government conservative.

Perry doesn’t have Romney’s real-world business experience—we could argue whether it’s more appropriate for a president to have private or public sector experience—but he is the longest-serving governor in the nation’s second-largest state, which suggests he’s been doing something right as an executive.

Perry opponents quibble about his support for in-state tuition for the children of illegal immigrants and his introduction and retraction of an opt-out HPV vaccination for young girls—minor issues that don’t loom large in the big picture.  I’ll trade you one Romneycare for a Gardasil any day.

Some who viewed Saturday night’s debate were aghast at Perry’s heretical suggestion that we send troops back to Iraq if need be to consolidate and preserve the fragile security gains we made during our eight-year war there.  To any conservative who believes Obama removed troops from Iraq prematurely and precipitously to fulfill a campaign promise to the anti-war left, Perry’s suggestion is logical and common-sensical.  Would conservatives prefer we send troops back to Iraq in ten years to fight this war again after conditions dramatically worsen because we didn’t finish it the first time?

Perry is the only candidate who’s served in the military other than Paul, the latter of whom has more or less pledged to decimate it.  I think we can safely assume that Perry, of all candidates, would not take lightly the decision to send troops in harm’s way.

Perry’s gotten flack for calling Social Security a Ponzi scheme—it’s not; it’s much worse—and labeling the Fed’s quantitative easing program “almost treasonous.”  As for the latter, he did say “almost,” and in this era of trillion-dollar deficits, I’d wager that our greatest danger is underreacting to the federal government’s overreach, not overreacting.

Perry deserves major points for expressing “inappropriate” enthusiasm for the death penalty for aggravated violent crimes, which are particularly prevalent in his state—and would prevail even more under a liberal, soft-on-crime governor.

Perry has taken brave, “extremist” positions on abolishing the 16th and 17th Amendments to the Constitution, which would rid us of cancers like Olympia Snowe and the IRS, respectively.

Of course Perry didn’t make a dent in New Hampshire’s primary on Tuesday, where he didn’t even campaign, but with any luck he’ll make a strong enough showing in the Palmetto State next Saturday to encourage him to stay in the race.

Before Mitt kills it in South Carolina and we succumb to “Romney is the inevitable nominee” fever, please, early primary and caucus states that have yet to vote, give Rick Perry—a flawed but underappreciated candidate—one more careful look.

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Coulter-Romney vs. Levin-Gingrich

December 21, 2011 By: Scott Spiegel Category: Elections: 2012

Over the past few weeks, a controversy has been brewing between conservative commentators Ann Coulter and Mark Levin over the relative fitness of frontrunners Mitt Romney and Newt Gingrich for the 2012 GOP presidential nomination.

In her columns and TV appearances, Coulter has been stumping for Romney and stomping all over Gingrich.  On his syndicated radio talk show, Levin has been denouncing Romney as a non-conservative and bolstering Gingrich as a flawed but superior alternative.

The tiff echoes Coulter’s endorsement earlier this year of Chris Christie, before he insisted he wasn’t running, and Levin’s dismissal of Christie as a RINO.  In both cases, Levin has expressed contempt for the “Republican establishment” trying to decide the GOP nominee, though it would be hard to characterize Coulter as part of any establishment.

Coulter’s endorsement of Romney is a bit puzzling, when one recalls her animosity toward John McCain and her tongue-in-cheek threat to campaign for Hillary Clinton if McCain got the 2008 Republican presidential nomination.  Coulter argued then that Republicans do not win elections when they run moderate candidates, because such candidates appear ideologically weak against genuine leftists such as Obama.  On the contrary, because this is a center-right country, Republicans win when they run unapologetic conservatives such as Ronald Reagan, who offer a contrasting alternative to the Democratic candidate.

Coulter has reconciled this apparent contradiction by arguing that McCain was consistently moderate or center-left.  In contrast, Romney has flip-flopped and been inconsistent, but has switched from liberal to conservative positions.

Levin claims that Gingrich has a stronger track record as a conservative than Romney, including the former’s efforts to get the first Republican majority reelected in the House in 68 years and his implementation of welfare reform.  Levin warns that we can’t trust Romney to go to bat for conservative principles, given his spotty past.

I sympathize greatly with Levin’s frustration that we can’t seem to find a strong, consistent, articulate conservative this election cycle who’s willing to run, doesn’t have heavy personal or political baggage, and can maintain a double-digit showing in the polls.  I worry whether anyone we nominate—Romney, Gingrich, or someone else—will consistently stand up for conservative principles once president.

I’m no Romney fan, and I empathize with those who claim his major virtue is his electability.  However, the more I think about Coulter’s argument—or rather, my take on it—the more I think she’s right, but with one major caveat.

As Coulter explained to Sean Hannity recently, the most important thing we need our next president to do—among the many Democratic messes that have to be cleaned up—is to repeal ObamaCare.  The GOP can’t get rid of ObamaCare without a Republican president, unless they have a supermajority in the Senate, a majority in the House, and no Republican defectors.  None of this is guaranteed.  A Senate supermajority will be especially difficult to achieve, perhaps even more so than putting a Republican in the White House.

As Coulter noted, ObamaCare must be repealed as soon as the 113th Congress and the 45th president are sworn in.  One of the many compromises/blunders Congressional Democrats made in order to ram ObamaCare through was pacifying voters with a phony claim that the bill would save money over the next 10 years; they did so by having ObamaCare taxes kick in starting in 2010 but most benefits not begin until 2014.  This gave the GOP a leg up in getting the bill repealed—but it gave them only so much time.  Coulter predicts that once people start collecting their “treats” and federal insurance starts crowding out the private market, the bill will never be repealed.

The Supreme Court is scheduled to hear arguments for and against the ObamaCare individual mandate in March; however, it is not certain that the court will find the provision unconstitutional, or that Congressional Democrats won’t find some way around the ruling.

Thus, if the most important thing for the next president to do is to repeal ObamaCare, then I would paraphrase William F. Buckley, Jr. and recommend that we vote for the most electable Republican who will repeal ObamaCare.  Assuming that all seven contenders would repeal it—and all have credibly pledged to do so—and that Romney is the most electable candidate, this suggests we go with Romney.  Other issues are important—but not as important as repealing ObamaCare.

The situation recalls moderate Republican Scott Brown’s battle against Democrat Martha Coakley for the late Senator Ted Kennedy’s seat in November 2009.  Brown’s win in liberal Massachusetts, and his swearing in as the 41st GOP Senator—the one needed to block Democrats’ supermajority—was seen as a referendum on ObamaCare, because Brown had sworn to vote against the House’s version of the bill.  (Democrats cheated by using budget reconciliation to meld the Senate and House bills, but that’s another story.)

Brown ran on a platform of promising to vote against ObamaCare.  As I wrote at the time, Senator Brown could propose “a bill using Medicare funds to subsidize partial-birth abortions for illegal Islamist immigrant tax cheats with Al-Qaeda ties, and he would still be Republicans’ hero for having voted down the health care bill.”

Similarly, Romney could be squishy on all kinds of issues, and conservatives would still be grateful—as long as he repeals ObamaCare.

But here’s the caveat: Is Romney in fact the most electable Republican?  Will RomneyCare, and the fact that Obama cited it as a model for ObamaCare, do him in?  Will Romney be more electable than Gingrich, who formerly supported the individual mandate on a national level?

For those who find some issue other than ObamaCare more important, or are willing to risk not having it repealed for the satisfaction of running a preferable but less electable candidate, my arguments won’t be persuasive.

But for those who think that the #1 priority of the next president should be undoing ObamaCare, Romney’s electability is the pressing unknown that must be discovered.

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Top 10 Conservatives of 2011

November 30, 2011 By: Scott Spiegel Category: Miscellaneous

Top 10 Conservatives of 2011

Image by Scott Spiegel via Flickr

10. Andrew Cuomo – Yes, really.  As I wrote earlier this year, “When Democrats cut spending and refuse to raise taxes, as New York Governor Andrew Cuomo has—i.e. when they abandon their party’s core philosophy and govern like conservatives—they enjoy skyrocketing popularity ratings and set their constituents on a path to financial solvency.”  Cuomo’s late-career, probably temporary, but remarkable conversion followed the example set by New Jersey governor Chris Christie, who also stood up to public sector unions, slashed spending, and held down taxes.

9. Darrell Issa – California Representative Darrell Issa held hearings this summer on the Justice Department’s botched, scandalous Operation Fast and Furious gun-trafficking sting operation, including gripping testimony from ATF officials from Phoenix and Mexico.  Recently Attorney General Eric Holder was forced to admit that Fast and Furious was “flawed in its concept and flawed in its execution”—kind of like his boss’s presidency.  Along with the Treasury Department’s pursuit of the administration’s tainted $535 million loan to solar energy company Solyndra, Issa’s persistent work erased the laughable notion that the corrupt Obama tenure has remained blissfully transgression-free.

8. Peter King – New York Representative Peter King bucked controversy by holding hearings on whether Muslim Americans were becoming radicalized and linking with terrorist groups to plot attacks on home soil.  From my column “Liberals’ Game of Cat-and-Muslim”: “[King] held a hearing on whether al-Qaeda is trying to recruit young Muslims in the U.S. and whether Muslim Americans are sufficiently cooperating with federal officials…  [H]undreds of willfully naïve, politically correct New Yorkers gathered in Times Square, steps from where [Faisal] Shahzad tried to kill hundreds of New Yorkers, to protest King’s hearing as racist and Islamophobic.”

7. Mitch Daniels – Second-term Indiana Governor Mitch Daniels navigated such juvenile obstructions as Democratic legislators walking out to protest Republicans’ agenda, and ultimately got the bulk of long-stalled GOP legislation passed in the state.  Daniels wowed CPAC with a speech on fiscal austerity that included such zingers as “Our morbidly obese federal government needs, not just behavior modification, but bariatric surgery” and his reference to federal debt as “the new red menace.”  One of the only feasible GOP presidential candidates both conservative and articulate, Daniels declined to run this year despite widespread pressure to do so.

6. Pat Toomey – The deficit reduction supercommittee boasted only one reliable fiscal conservative: Pennsylvania Senator Pat Toomey.  All five other GOP members voted for the boneheaded budget bill in August that unnecessarily raised the debt ceiling.  Without Toomey, Republican supercommittee members might have caved to Democratic pressure to raise tax rates on high-income earners.  The committee failed—which, given Democratic intransigence, is the best outcome we could have hoped for.  Toomey’s first year in office after dispensing with Joe Sestak in hostile blue-state territory in the 2010 midterms was a resounding success.

5. Rick Perry – Texas governor and presidential candidate Rick Perry held the distinction of leading the state that oversaw 40% of all new U.S. jobs created since the recovery began, triple the number of the next-closest competitor New York, with over 1 million added since he took office.  Texas’s jobs boom resulted not just from rising oil prices—private sector industries such as construction, hospitality, and professional services also saw growth—but also Perry’s understanding of the hindrance excessive regulation places on incentives to invest and hire.  Perry offered a more conservative alternative to Mitt Romney, thus helping push the GOP front-runner to the right.

4. Herman Cain – Businessman, radio host, rocket scientist, and presidential candidate Herman Cain spent the year touting his 9-9-9 flat tax plan, which would gut the federal tax code and replace it with a 9% federal income tax, 9% corporate tax, and 9% national sales tax.  Rick Perry produced a copycat plan, and Newt Gingrich revived his old plan, and suddenly the nation began seriously debating the merits of flat tax plans for the first time since Steve Forbes’ last run.  And did you know that, back in the day, as president-elect of the National Restaurant Association, Cain was one of the most vocal critics of Hillarycare?

3. Ann Coulter – The left-wing, Obama-endorsed Occupy Wall Street movement that seeped into the national consciousness like a whiff of raw sewage had no concrete antagonists, just the sorry spectacle of a bunch of hippy retreads and trust fund brats battling hypothermia and body lice in tent cities around the country.  Ann Coulter was the conservative who foretold it best, in her bestseller Demonic: How the Liberal Mob Is Endangering America.  From the book jacket: “The Democratic Party activates mobs, depends on mobs, coddles mobs, publicizes and celebrates mobs—it is the mob.”

2. Scott Walker – From “Wisconsin’s Government Cheese Revolution”: “Governor Scott Walker… proposed a bill that would… prevent [public sector] unions from forcing members to pay dues, require annual secret ballots on whether to remain unionized, and ask members to contribute a pittance toward their lavish pensions and health care plans.”  Walker’s courage in standing his ground in the face of protestors calling him Hitler and Hosni Mubarak, and Democratic legislators fleeing the state to avoid voting on the bill, presaged the guts that mayors around the country didn’t have in dealing with Occupy Wall Street.

1. Michele Bachmann – Minnesota Representative and Tea Party leader Bachmann embodied the best combination of conservative/articulate out of all the 2012 GOP presidential nominees; it’s inexplicable that she isn’t doing better in the polls.  From my column “CDC Prepares for Outbreak of Bachmann Derangement Syndrome”: “Bachmann has labeled herself a ‘constitutional conservative’—precisely the correct label to use in this bizarre era of pay czars, light bulb bans, and trillion-dollar deficits…  Bachmann [took] leadership roles on… repealing [Dodd-Frank] and replacing ObamaCare with free market reforms.”  Here’s hoping she can at least snag the VP slot.

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Tax the 47% So They’ll Leave the Other 53% Alone

October 26, 2011 By: Scott Spiegel Category: Economy

tax code

Image by Scott Spiegel via Flickr

Presidential candidate Herman Cain has been touting his 9-9-9 tax plan, which would replace the three-million-word tax code with a flat 9% federal income tax, 9% corporate tax, and 9% national sales tax.

Fellow candidate Rick Perry recently proposed a flat tax of 20% on earned income and 20% on corporate income, and a simplification of the tax code, including elimination of loopholes and eradication of the death tax.  Newt Gingrich has similarly suggested a 15% flat tax.

These plans recall the flat tax Steve Forbes campaigned for president on in 1996 and 2000.  All of these plans would massively reduce the U.S.’s collective tax compliance cost to the tune of hundreds of billions of dollars.  (Though liberals don’t realize it, it would be a fantastic thing for our economy if every employee of the Internal Revenue Service and H&R Block, and every tax lawyer, accountant, and tax preparation service employee lost his job and had to go out and find useful productive employment.)

In response to these thoughtful Republican proposals, liberals are screaming that conservatives’ plan for getting us out of our present fiscal crisis is to “tax the poor.”

If only we could get out of our current budget predicament by taxing the poor.  In fact, we can’t even get out of it by taxing the rich.

As has been amply demonstrated, massively increasing taxes on high earners wouldn’t come close to relieving our budget woes.  These can be alleviated only via radical entitlement reform.  Eating the rich now will not ensure an enriching long-term diet for the nation later.

The reason conservatives have been advocating flatter taxes is not that they want to “balance the budget on the backs of the poor,” or some other such nonsense.  It’s so that the 47% of the population who, due to the expansion of the Earned Income Tax Credit over the past several decades, pays no federal income tax will be forced to contribute something, however measly, to the country’s tax revenue.

Free market types don’t want to raise taxes on the poor to be meanies.  They just want liberals to stop demanding that high earners pay more, and Democrats to stop spending so much, and are willing to call the left out by shining a blinding spotlight on how little almost half the population pays to fund our government.

Conservatives hope that if the income of the lower-earning half of the electorate were considered fair game, then maybe the voters who receive it wouldn’t be so quick to rally around politicians who want to increase spending via public boondoggles like Obama’s Jobs Act, which will have to be paid for via tax revenue.

If Democratic politicians weren’t constantly dreaming up new ways to steal and waste the hard-earned income of the nation’s most productive citizens, perhaps so many Republican candidates wouldn’t be gaining traction by proposing that a greater proportion of society have some “skin in the game.”

And contrary to Democrats’ claims, a flat tax doesn’t “help” or “benefit” the rich—it merely punishes them a little less.  If Occupy Wall Street types weren’t going around hollering that the rich should be even more exorbitantly taxed than they are now—the highest-earning 1% already shoulder 40% of the federal tax burden, a fact of which most protestors seem blissfully unaware—then the glaring lunacy of their demand that the rich pay their fair share wouldn’t be so ripe for ridicule.

It’s possible that neither Cain nor Perry is the best Republican candidate to deliver the flat tax message, since each seems to have some difficulty explaining the intricacies of his policies to audiences (though see Perry’s fine Wall Street Journal editorial outlining his plan).  But having three of the most prominent candidates pushing for a flat tax may pressure other candidates to endorse similar plans, should they secure the nomination (ahem, Mitt Romney).

Liberals must be scared that these flat tax proposals will resonate with voters, as witnessed by the flurry of recent editorials declaring, not that the plans won’t work, but that smart voters would never, ever go for them.

Conservatives often play the game of asking liberals how much those earners in the highest tax bracket should pay—that is, how much would satisfy the left’s desire to bash the rich.  50% of their income?  60%?  70%?

How about a different game: What percentage of their income would it be fair to ask those in the lower 47% to pay?  Would 10% a year be too much too ask?  How about 5%?  1%?

Something greater than 0.00%?

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A Conservative Who Can Talk

September 28, 2011 By: Scott Spiegel Category: Elections: 2012

Christie

FiveThirtyEight whiz Nate Silver recently asked whether Chris Christie is the anti-Romney or the anti-Perry.

The answer is yes.

Christie is the anti-Romney, because he genuinely and unapologetically embraces and enacts conservative policies, at least on fiscal matters—in particular entitlement reform, the most important policy realm our nation currently faces.

Critics charge that he’s not consistently conservative on issues such as global warming and gun control.  Yet Rick Perry critics complain that he’s not consistently conservative on issues such as immigration and the HPV vaccine, and most people wouldn’t call Perry a liberal.

Christie is the anti-Perry, because he knows how to identify, articulate, and justify his positions, using fiery, uncompromising rhetoric that doesn’t sound rehearsed, and isn’t afraid to say things that tick off hallowed interest groups.

Critics charge that he’s arrogant, has a temper, and insults people.  Yet his style has proven wildly popular with voters who are fed up with politicians who can’t or won’t stand up to bullying public employee unions that are bankrupting the nation’s most populous states.

If Mitt Romney held more consistently conservative positions on the major issues of the day, he’d be able to articulate them to voters.  But he doesn’t.

If Rick Perry were more articulate and had a better understanding of the issues, his positions would be conservative enough for most Republicans.  But he isn’t.

The other candidates still in the running all have their weaknesses, with most embodying one of the fatal flaws represented by frontrunners Romney and Perry.

Ron Paul is blisteringly conservative on economic issues but crazily isolationist on foreign policy, to the extent that he thinks Iran should be allowed to build nuclear weapons to defend themselves against the U.S., and to the degree that he approvingly quotes Osama bin Laden’s reasons for attacking us on 9/11.  Newt Gingrich led the Republican Revolution of 1995 and enacted welfare reform, but is prone to making insane statements such as claiming that repealing ObamaCare involves as much abridgment of people’s liberty as enacting it.

Michele Bachmann is a solid conservative, but is prone to gaffes and sloppy slips of the tongue such as her mindboggling insinuation that the HPV vaccine causes mental retardation.  Herman Cain is a successful former businessman with sensible ideas about the economy but a stunning, blissful ignorance about foreign policy.

Michael Barone correctly notes that just about the only remaining feasible Republican presidential candidates who both are conservative enough and know how to speak without sounding like idiots are Mitch Daniels, Paul Ryan, and Chris Christie.  Daniels is concerned about his family’s privacy and has decided not to run; Ryan is young, early on in his career, and clearly has no intention of running in 2012.

That leaves Christie, who has certainly denied numerous times that he is running, but whose supporters and staffers seem to be leaking rumors that he may change his mind.  Christie has spent the past few months jetting around the country speaking at high-profile Republican fundraisers, giving speeches at prominent venues such as the Ronald Reagan Presidential Library, and meeting with potential donors.

Elsewhere I have written at length about why we should encourage Christie in particular to run, including the fact that Republican candidates for governor did well in 2010 in part by emulating his substance and style; that he knows how to take the fight to his opponents; that his popularity among Republican voters is underreported; and that his electability among independents and Democrats is underappreciated.

Christie’s not perfect.  But where is the glaring RomneyCare albatross–whose defense Romney cheekily deleted from the paperback version of his book No Apology—in Christie’s past that will come back to haunt him in the general election, when voters are focused perhaps foremost on repealing ObamaCare?

Christie’s not perfect.  But where are the embarrassing misstatements—like Perry’s lame, botched attack on Romney’s flip-flopping in last week’s debate in Orlando—that lead us to fear Christie will flounder in debates with the supposedly golden-voiced Obama?

Contrast Christie, if you will, with the Republicans’ 2008 nominee, John McCain, who combined the worst aspects of Romney and Perry: liberal policies and inarticulateness.  Republicans should never again have to suffer the ignominy of a nominee who differs only a little bit from the Democratic candidate—or who can’t convincingly explain why he’s to the right of Barack Obama.

The conservative establishment prefers Romney to Perry because they believe him to be more electable.  Some commentators, such as columnist Sandy Rios, believe Republicans will break for Perry over Romney because people “prefer an honest hesitator over a slickster with all the answers.”

But why should Republicans have to choose between a conservative and someone who can talk?

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Social Security: Too Shady To Be Called a Ponzi Scheme

September 14, 2011 By: Scott Spiegel Category: Economy

Social Security Poster: old man

Image via Wikipedia

Recently Republican presidential candidate Mitt Romney criticized fellow contender Rick Perry for labeling Social Security a Ponzi scheme.  Romney extolled the virtues of the soon-to-be-bankrupt program and vowed to support its continuance unconditionally if elected.

A Ponzi scheme, so named after white-collar criminal Charles Ponzi, involves a huckster collecting money from numerous investors who are promised a high or reliable return on their investment, with payments being made by future investors lured in by similar promises of financial gain.  The scheme is unsustainable, because dividends received are not actually invested, and are not equaled by the dividends promised to investors.  Earlier investors fare better than later investors, who lose their money once the scheme collapses.

Sound familiar?

Social Security, signed into law by white-collar criminal Franklin Delano Roosevelt, involves the federal government collecting money from all working citizens, who are promised a reliable pension when they retire, with payments being made by subsequent generations who are dragged into the program.  The system is unsustainable because, due to slowing population increases and politicians raiding the Social Security Trust Fund, most payroll taxes received are not actually invested, and are not equaled by the payments promised to retirees.  Earlier generations fare better than later generations, who will not receive benefits once the system collapses.

The history of Social Security’s establishment and implementation reveal that Governor Perry is wrong about the program’s being a Ponzi scheme.  It is much worse.

Social Security is bigger, by many orders of magnitude, than any Ponzi scheme ever enacted in human history.  It is the largest government program in the world, and the biggest component of U.S. federal expenditures.  Social Security is to the average Ponzi scheme what the Great Pyramid of Giza is to a traffic cone.

Social Security is involuntary, whereas Ponzi schemes are at least voluntary.  Though applying for a Social Security number is not technically mandatory to live and work in the U.S., the Internal Revenue Service and other agencies require it, which forces everyone to participate in the program, or makes their lives very difficult if they don’t.

Social Security is better disguised than a Ponzi scheme, and thus more insidious.  Unlike a Ponzi scheme, the true nature of Social Security is hidden in broad daylight, which lulls ordinary citizens into thinking it couldn’t possibly be as fraudulent or unsustainable as it is.

Social Security is longer-lasting than any real-life Ponzi scheme.  Whereas most Ponzi schemes are lucky to survive a few months, Social Security has continued for over 75 years.

Social Security’s insolvency won’t affect young, naïve, retrainable investors, but rather elderly people at the potentially neediest and most vulnerable stage of their lives.

All of the above negative consequences of Social Security are a direct result of its being administered by the federal government.

Government has access to billions of participants, trillions of dollars in capital, and decades of time to continue the ruse.

Government forces all citizens to participate, even if they’d rather keep their money, invest as they choose, and take their chances later in life.

Government gives Social Security its imprimatur—whatever that’s worth these days.  Most members of both major political parties approve of continuing Social Security more or less as is.  The program is referred to as the “third rail” of politics, meaning that if you touch it, you die politically.  It is as though Bernard Madoff were a major donor to both parties, and Congress refused to question his investment strategies because Madoff were considered the “third rail” of politics.

Government designed Social Security to increase its ability to control the populace, by forcing them to pay in when they’re young and healthy and then meting out or scaling back benefits when they’re old and infirm.  (By “government,” of course, I mean Democrats.)  The Supreme Court actually ruled, in Flemming v. Nestor (1960), that the Social Security Administration is not legally required to pay benefits to retirees who have contributed to the system their whole lives, if it finds itself in a pinch: “To engraft upon the Social Security System a concept of ‘accrued property rights’ would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands…”  Would that everyday businesses were afforded the same “flexibility” and “boldness” to decide not to honor their contracts in order to better adjust to “ever-changing conditions.”

Supporters of Social Security only wish it had the air of respectability of a garden-variety Ponzi scheme.  Then we could send the fraudulent originators to jail, cut our losses, and start over.

Instead, we’re saddled for eternity with the mother of all entitlement programs, the granddaddy of confidence games, the oldest relic of the Seven Entitlement Wonders of the Modern World.  Even supposedly conservative presidential candidates—including, sadly, Rick Perry—are now duking it out to show how badly they want to preserve this fraud.

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Presidential Debate Cliffs Notes: So You Don’t Have To Watch

June 15, 2011 By: Scott Spiegel Category: Elections: 2012

MANCHESTER, NEW HAMPSHIRE- JUNE 13: Republican...

Image by Getty Images via @daylife

John King: Welcome to our 2012 Republican primary debate.  On stage are all the candidates who felt like showing up tonight.  Let’s skip the boring opening statements and have candidates introduce themselves.

Rick Santorum: I’m a former senator who nonetheless has experience making tough executive governing managerial ruling leadership decisions.

Michele Bachmann: I’m a businesswoman with 5 children and 23 foster children.

Newt Gingrich: Obama sucks.

Mitt Romney: I lost in 2008, but that won’t happen again, because Republicans are the party of “it’s his turn.”

Ron Paul: I am a senator who used to deliver babies and now champions liberty and libertarianism.

Tim Pawlenty: I’m a husband, father, neighbor, and lover.  Of America.

Herman Cain: I am not a politician and have no political experience.  I know pizza.

King: What would you do to create jobs?

Cain: Uncertainty is stalling this train that is our economy.  We need to lower taxes, which is like greasing the caboose, and then decrease interest rates, which is like putting the fuel in the tank of the train that is our economy.

King: Is it possible for the economy to grow at 5% a year?

Pawlenty: Our president is an anemic declinist who thinks we can’t have 5% growth like China or Brazil.

King: What are your views on Dodd-Frank?

Bachmann: I’m looking forward to answering that question.  But first… Guess what: I’m running for president!

King: What three steps would you take to repeal ObamaCare?

Bachmann: I introduced the first bill to kill ObamaCare and will not rest until it is dead and buried.  Take that to the bank and cash the check.

King: Governor Romney, how will you ever be elected, given that you passed ObamaCare in Massachusetts?

Romney: That’s not fair.  Massachusetts’ plan was different, because it abridged people’s liberties and introduced massive regulations on the state level, not the federal level.

Pawlenty: Obama said he looked to Massachusetts as a model for his plan.  [Nelson Muntz laugh and finger-pointing at Romney]  Ha-ha!

King: Speaker, should there be an individual mandate, as you have passionately argued hundreds of times in the past before it became unpopular?

Gingrich: In addition to the presidency, we also need more Senate seats.

Audience member: Do you support right-to-work laws?

Pawlenty: Yes, even though I and most of my family have been in unions most of our lives.

Gingrich: I hope New Hampshire adopts it.  Why would you want to be stupid like California when you could be smart like Texas?

King: Every time we go to or come back from a break, I’m going to ask a pointless random personal question.  Leno or Conan?

Santorum: Leno.  Conan is too edgy.

King: And we’re back.  Elvis or Johnny Cash?

Bachmann: Both.  I love “Christmas with Elvis.”

Audience member: What assistance should government give to private industry?

Paul: None, duh.

King: Stop applauding, audience.  We know you’re Republicans and love their answers, but you’re taking up too much time.  Mr. Cain, why did you support TARP?

Cain: I actually supported TARP before I opposed it.

King: “Dancing with the Stars” or “American Idol”?

Gingrich: “American Idol.”

King: BlackBerry or iPhone?

Paul: BlackBerry.

Audience member: How will you keep Medicare solvent forever?

Paul: It is not solvent, will never be solvent, and was never designed to be solvent.  That’s why we need to cut our military.

Pawlenty: I have a plan that’s better than Paul Ryan’s.  I’m not going to show it to you.

King: Speaker, why did you call Ryan’s plan “social engineering”?

Gingrich: I put my foot in my mouth.  But the question was too narrow and the answer was taken out of context.

Audience member: How do you feel about separation of church and state?

Pawlenty: It was designed to protect religious people from atheists.

Paul: Congress should make no law abridging the right to express your faith, especially if it’s Christian.

King: Deep dish or thin crust?

Cain: Deep dish.

King: Spicy or mild barbecue?

Romney: Spicy, of course.

Audience member: Gay marriage is legal in New Hampshire.  Would you interfere with states’ rights on the issue?

Bachmann: Marriage should be between a man and a woman, because children need a mother and a father.  I come from a broken home, and I was raised by a single mother, and I turned out great.

King: Should Congress pass a federal marriage amendment, or should states deal with it?

Cain: States.

Paul: Get government out of marriage.

Pawlenty: Amendment.

Romney: Amendment.

Gingrich: Amendment.

Santorum: Amendment.

Bachmann: Oh, are all the real candidates in favor of an amendment?  Well, let me jump in and say that I am too, but let me also remind you that I don’t favor trampling on states’ rights, even though I’m totally contradicting myself.

Audience member: What are your views on immigration?

Gingrich: We are not a heartless nation.  We can kick 20 million people out of the country without being cruel.

King: Coke or Pepsi?

Pawlenty: Coke.

Audience member: Should we get out of Afghanistan?

Romney: We should bring the troops home quickly, assuming the Afghan military can defend the country against the Taliban, which it obviously can’t.

Paul: I would get us out of Afghanistan, Iraq, Libya, Yemen, and Pakistan, because we have no national security interests there, or anywhere else in the world.

Pawlenty: That’s crazy.  I favor defending the nation against outside threats.  Hello, it’s called “Commander in Chief”?

Cain: To paraphrase my grandmother, Libya is a mess.

King: Who made the worse vice presidential pick in 2008—Obama or McCain?

Pawlenty: Biden is a horse’s ass.

Romney: I have bad blood with Palin, so I’m going to avoid the question and just reiterate that Obama sucks.

King: What have you learned in the past two hours?

Santorum: Nothing.  If I’m delusional enough to think I have a chance of winning, do you think I’m capable of absorbing new information about the candidates or my prospects?

Bachmann: I’ve learned about the goodness of the American people.

Romney: New Hampshire loves the future.

Cain: It’s all about the children and the grandchildren.

King: Good night.  God, I feel old.

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