NEW YORK (TheStreet) -- Rick Perry called Social Security a "Ponzi scheme" and "monstrous lie" during Wednesday's GOP presidential candidates debate in California.
Candidate Mitt Romney defended the program,
. In the past decade, there has been much talk that the fund wouldn't be able to meet all the future demands for payments with the baby boom generation retiring.
"Our nominee has to be someone who isn't committed to abolishing Social Security but is committed to saving Social Security," Romney said. "I will make sure that we keep the program and we make it financially secure."
The national debate over the solvency of the program continued Thursday morning when
New York Times
columnist Thomas Friedman and
reporter Rick Santelli clashed on the air, with the words "idiot" and "idiotic" flying around.
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