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.
We’re not taking away your Social Security benefit. We’re upgrading it to a huge Trumpcial Muskurity benefit. We’re going to cut loose all the freeloaders and give hard-working Americans a one-time payment of $5,000.
They’re gonna invest your SS money into memecoins
Oh, God. That’s exactly what they’re going to do, isn’t it? And everyone on benefits is going to cheer for it imagining themselves as the newly rich.