Elon Musk Advocates Scrutiny of Social Security Spending, Citing Fraud Concerns

Elon Musk suggested his government cost-cutting team would scrutinize Social Security and other entitlement spending, citing fraudulent transactions. In an interview with Fox Business, Musk claimed waste and fraud in entitlement spending, repeating unsupported claims about entitlement spending. He referred to Social Security as "the biggest Ponzi scheme of all time" and dispatched his team to flag suspicious payments from the Centers for Medicare and Medicaid Services. Democrats criticized Musk's scrutiny of entitlement programs, viewing it as an attempt to pare back programs for retirees. Musk claimed his team's goal was to "defeat" civil servants thwarting presidential policy and has scrutinized "pretty much" every federal agency. Despite lawsuits challenging his cost-cutting initiatives, Musk said his team may remain in place for another year, stating he doesn't want America to go bankrupt.