Elon Musk’s comments on Tuesday while standing next to Donald Trump in the White House suggest that he is lining up his next-generation spend destination: Social Security, the country’s largest retirement recipient system.
The Department of Government Effectiveness has now taken action to shut down the Consumer Financial Protection Bureau and the U.S. Agency for International Development. However, both Trump and former vice president Kamala Harris frequently pledged to improve the country’s well-known pension system for seniors while campaigning.
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The government’s campaign website for 2024 included the phrase “fight for and protect social security and Medicare with no reductions, including no alterations to the pension time.” as level No. 14 on Trump’s” Agenda 47″ for a second term in office, and Trump actually proposed ending taxation of Social Security Benefits.
According to the Social Security Administration, the software will eventually become insolvent and unable to make all of its regular scheduled obligations within the next ten years.
Following the acquisition of the Treasury Department’s pay systems next week, Expand gained access to the SSA information systems. Democrats introduced regulations that would” protect the American people from this out-of-control power grab forever” by preventing Musk and Depends from continuing to get the techniques.
The president claimed to reporters last Friday that DOGE “doesn’t” need to have access to specific tax information or Social Security numbers, but that DOGE’s ability to gain access demonstrates the need to strengthen the surveillance of those devices.
” They get it very easily”, the senator said. ” We don’t have very good protection in our land, and they get it pretty quickly”.
Fast forward to Tuesday, when Trump signed a new administrative order granting Musk and Depends more power to reduce costs inside of national authorities.
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Musk, who was existing for the signing ceremony at the Oval Office, claimed that a preliminary assessment revealed people who were older than any living American and those who had no personal information on the recipient record.
” We’ve got people in there that are 150 years old. Now, do you know somebody 150? I don’t, OK”, he said. ” They’re perhaps dying, is my think, or they should be very popular, one of the two. There are also numerous Social Security payments where no identifiable information is provided.
” Naturally, we want to make sure that people who deserve to collect Social Security do get it and that they receive it immediately and accurately”, Musk continued.
The digital banker’s feedback added fresh energy to the legal and political storm of Musk’s control over the federal government, which began demonstrations throughout Washington, D. C.
The administration’s audits revealed a large scope of alleged benefits fraud, but the White House and DOGE did not respond to inquiries about this.
Social Security paid out benefits to nearly 72 million people in 2023, including 5.8 million new beneficiaries. The administration’s inspector general published a report in 2024 outlining$ 71.8 billion in improper payments made between 2015-2022, which accounts for less than 1 % of payments made across that time frame.
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However, according to the Committee for a Responsible Federal Budget, Trump’s economic platform may significantly speed up the program’s insolvency date.
CRFB said Trump’s tax and tariff proposals and deportation agenda, as illegal immigrants are still subject to employer Social Security taxes, will “increase Social Security’s ten-year cash shortfall by$ 2.3 trillion” and “advance insolvency by three years”.
In response to DOGE’s efforts to eradicate and root out government waste, Democrats have raised the possibility of cutting the program.
” Keep your hands off our Social Security because this has nothing — , nothing — , to do with government efficiency”, Sen. Chris Van Hollen (D-MD) said at a rally outside of the SSA headquarters in Maryland on Monday.
” It is America’s promise to us when we paid into Social Security”, Sen. Angela Alsobrooks (D-MD) added. ” And yet this is being attacked as well today.”
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Trump has vowed to make no overriding cuts to Social Security, according to the White House.
” The president remains committed to his promise not to touch]Social Security ]”, White House aides said in a statement responding to Monday’s rally. ” Any work from DOGE is to find fraud, which they’ve successfully done”.
