GOP Debate Follow-Up: Rick Perry's Double Dip

Texas governor slams congressional paychecks despite his own benefits.
2:14 | 12/16/11

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Transcript for GOP Debate Follow-Up: Rick Perry's Double Dip
He turned to politics your voice your vote. At last night's Republican debate one candidate Texas governor Rick Perry came out swinging at congress calling on them to take a big pay cut. But today we learn something interesting about Perry's paycheck. ABC's Jake Tapper explains. Governor Rick Perry is trying to blaze a path through the first in the nation caucus state. As a conservative willing to make tough budget cuts raising the age for recipients to receive Medicare and Social Security one problem. Financial disclosure forms released today show that Perry is double dipping back in his home state of Texas. At the same time he's drawing a 150000. Dollar yearly salary as governor. He formerly retired this year to start collecting more than 90000 dollars a year in his state pension. Through the employee retirement system or ERS. -- -- is -- -- -- old -- acts that truth. Retirement now with your military time your time and services. And you know -- you can be rather foolish. Not access. What it up perfectly legal Texas sized loophole. That may be tough to explain when you're running for president as a fiscal hawk demanding sacrifice from the American people. That's been in place or. Decades. And I bought my military. And -- obviously. 25. Years. Public service times so. -- -- -- -- This news is poorly timed for Perry who needs a credible showing in Iowa to revive his sagging presidential campaign. -- in the race is still rather fluid there are just eighteen days left to go until the Iowa caucus where some dreams will be fulfilled. And others will be crushed like a midnight -- Diane hard right Jake thanks to you.

This transcript has been automatically generated and may not be 100% accurate.

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