The Corner

Ponzi Scheme vs. Social Security

Here is a great Venn Diagram made by the Examiner’s Tim Carney:

This is great, but I think that something is missing in the Social Security side of the diagram. Only in the case of Social Security will people be asked to pay a second time for what they’ve already paid for: all these IOUs in the Social Security Trust Funds. Since the money is gone, taxpayers will be asked to pay once again for the $2.6 trillion in the trust funds — once the program starts cashing in its IOUs — in the form of new taxes or more deficit spending (future taxes, higher interest rates, or future downgrades, or a mix of the three).

More on Social Security’s cost to taxpayers here.

Veronique de Rugy — Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

Most Popular

Politics & Policy

When the Tide Comes In

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader, “Save Ike from the Kikes.” I’d better explain. This weekend marks the one-year anniversary of the Nazi troll armies’ march ... Read More
Immigration

Stephen Miller’s ‘Hypocrisy’

What does it mean to be a hypocrite in politics? Stephen Miller, an adviser to President Donald Trump, has been denounced in the pages of Politico for his “hypocrisy,” by his uncle, no less. Miller, like the president, supports a more restrictive approach to immigration. His uncle, David S. Glosser, ... Read More