Elon Musk calls Social Security a Ponzi scheme and says entitlements are ‘the big one to eliminate.’ Commerce Secretary Howard Lutnick said grandmas wouldn’t complain if they missed their check.
They will take your Social Security.
In recent public discourse, figures such as Donald Trump and Elon Musk have voiced their perspectives on the United States’ social safety nets, such as Social Security, Medicare, and Medicaid. While Trump assures the public of his intention merely to eliminate waste and inefficiency within these programs, his reassurances are met with skepticism. The rhetoric around “cleaning up” these programs often serves as a veneer for deeper cuts that could destabilize the very foundation of these critical social supports. It is crucial to dissect these narratives to uncover the potential consequences hidden beneath the surface.
Some political figures use the assertion that Social Security and similar programs are rife with inefficiencies and fraud to justify sweeping reforms. However, data and analyses often paint a different picture. Studies have shown that the administrative costs of Social…