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Neil Cavuto Defends Rick Perry Calling Social Security A Ponzi Scheme

Reported by Guest Blogger - September 10, 2011 -

By Brian

On Thursday’s Your World (9/8/11), Noelle Nikpour, Republican strategist and fundraiser, spoke with Neil Cavuto about Rick Perry's comments calling Social Security "a Ponzi scheme." Although the two acknowledged that could be a problem with Perry in states like Florida and Texas, where there are a lot of retirees, moments later, Cavuto began spinning for Perry. He started by saying with a chuckle, "People of all ages, don’t they know it is a Ponzi scheme?"

Nikpour replied, "When you see your check, when you're working."

"I understand that,” Cavuto said. Then he continued defending Perry’s remark. “But would it hurt that the candidate who just calls it what it is and says, ‘Look, I'm not going to damage things for those present beneficiaries or those close to retirement,’ but for younger people who definitely are of that mindset, he’s not really giving anyone a Fox News Alert."

Nikpour, who obviously wanted to stay out of the fray, said, "Social Security was alright, it was the government that was borrowing money from it. It hit a nest egg."

“Right,” Cavuto said.

In the same segment, Cavuto also complained that Nancy Reagan had looked adoringly at Romney, suggesting that she was biased against Perry.

Several other Fox News hosts and contributors have also helped spin Perry’s comment (Chris Wallace is a notable exception). But, as Media Matters noted, experts agree that Social Security's "structure, logic, and mode of operation have nothing in common with Ponzi schemes."

You’d think a business host like Cavuto would know that.

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