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Social Security and Factual Myths

Social Security and Factual Myths

by Dan Mitchell | Aug 11, 2025 | Big Government, Blogs, Economics, Welfare and Entitlements

I recently wrote about the five potential ways of dealing with Social Security’s simmering crisis and noted that most supposed solutions moved us in the wrong direction on the spectrum. And I wrote less than two months ago about the...
Five Options for the Future of Social Security

Five Options for the Future of Social Security

by Dan Mitchell | Jul 28, 2025 | Big Government, Blogs, Welfare and Entitlements

Back in 2020, I created a simple visual to explain potential options for Social Security. My goal was to help readers understand that politicians have the ability to make the current system better, but they also could make it even worse. But I’m not...
Muffing a Gimme on Social Security

Muffing a Gimme on Social Security

by Dan Mitchell | Jun 20, 2025 | Big Government, Blogs, Welfare and Entitlements

I was not a fan of George W. Bush’s economic policy. But he had one idea – personal retirement accounts – that would have been great news for the country. The Committee to Unleash Prosperity has calculated the nest eggs that average...
Social Security and Factual Myths

Social Security’s $65.8 Trillion Problem

by Dan Mitchell | Jun 19, 2025 | Big Government, Blogs, Economics, Welfare and Entitlements

The Social Security Administration has released the yearly forecast of the program’s long-run finances. Per tradition (see 2024, 2023, 2022, 2021, 2020, etc), that means it is time for my annual explanation of why we have a grim...
Social Security and Factual Myths

Yes, Social Security Is a Ponzi Scheme

by Dan Mitchell | Mar 2, 2025 | Big Government, Blogs, Welfare and Entitlements

When I write about Social Security, my main goal is to point out how Americans would be much richer if the United States had personal retirement accounts based on real savings (like workers in Australia, Chile, Switzerland, Hong...
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