Summary
The White House scrambled to clarify comments from Elon Musk suggesting cuts to Social Security and Medicare, insisting no such plans exist.
Musk, speaking on Fox Business, criticized entitlement spending, sparking viral backlash. Trump’s administration defended Musk and attacked journalist Jake Sherman for misrepresenting his remarks.
Officials cited reports on fraud and waste but claimed benefits would remain intact. Elon Musk has repeatedly criticized Social Security, labeling it a “Ponzi scheme.”
Critics fear Trump could use fraud reduction efforts as a pretext for cuts despite his assurances otherwise.
Oh the irony of a paper billionaire, rich off the labor of the people that depend on programs like Social Security, calling it a ponzi scheme is wild.
And it’s no more a ponzi scheme than say insurance, 401Ks, or Medicare that people pay into because the government has left them no alternative way of affording to stay alive once they stop providing labor to the machine.
And these rich assholes that have no need for these social services because they have billions, or pensions, or government insurance need to STFU.
These are the people that tend to push cryptocurrencies too. Apparently their scam-o-vision only kicks in when the “scam” helps the poor.