Ted Cruz on Social Security
Texas Tribune Interview
In September of 2011, SG Cruz was interviewed by the Texas Tribune. In that interview, SG Cruz is asked about whether or not social security is a ponzi scheme and confirms that according to the definition, it is. He then outlines how he would handle social security. First, for seniors who are currently in the system and near the system, there will be no change. For younger people, the retirement are will be raised. Second, the rate of growth of social security benefits should be equal to inflation and not greater than that amount. Finally, people should be allowed to have personal accounts which controls a portion of their savings from the Social Security system.