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Elon Musk was right — Social Security is a Ponzi scheme

7 3
12.03.2025

There isn’t much these days that doesn’t fling the Democrats into a frenzy of fainting and pearl-clutching.

Want to cut waste, fraud and abuse from government spending? “Oh dear, how draconian!”

Want to secure the border and stem the flow of deadly fentanyl into our country? “Racist!”

The one sure way to guarantee Democrats will oppose something — anything, no matter how popular — is to have President Trump come out in favor of it. And this Pavlovian reaction was on full display when presidential adviser and multibillionaire Elon Musk recently called Social Security “the biggest Ponzi Scheme of all time.” Because that's what it actually is.

Honest people can take issue with some of the moves of Musk's Department of Government Efficiency. He has himself admitted they make mistakes, which is how you can tell this guy is not a politician. He has also established a track record of correcting its mistakes quickly — another sign that he does not fit in well.

On Social Security, however, Musk is simply correct, and just impolitic enough to say what no one wants to hear.

And liberals did not disappoint with their reaction to defend the program's moribund status quo. An opinion writer at NBC News offered a representative non-sequitur defense of how the program operates, arguing that "Social Security is a highly functioning,........

© The Hill