• Comparing US Entitlement Programs to Charles Ponzi's Scheme

    Comparing US Entitlement Programs to Charles Ponzi's Scheme

    Charles Ponzi's scheme must have made an impression on policymakers who were coming of age in the 1930s, because they used the same plan for the new Social Security system.
  • Medicare and Social Security, as told by CBO

    Medicare and Social Security, as told by CBO

    According to the Congressional Budget Office projections, without budget reforms, accumulated federal debt held by the public will almost double from $26 trillion in 2023 to $46 trillion by 2033.