Elon Musk Proposes Deep Cuts to Social Security and Medicare

The billionaire, leading Trump's Department of Government Efficiency, claims entitlement programs are the 'big one' to target for budget reductions.

Elon Musk, in a Fox Business interview, suggested eliminating up to $700 billion annually from federal entitlement programs, including Social Security and Medicare.
Musk described Social Security as a 'Ponzi scheme' and alleged widespread fraud, though experts dispute his claims of $700 billion in annual fraud.
The Department of Government Efficiency (DOGE), led by Musk, has already closed Social Security offices and reduced staff, raising concerns about access to benefits for seniors.
Critics, including Sen. Bernie Sanders, warn these moves could lead to privatization and undermine public confidence in the programs.
Musk also controversially linked entitlement spending to attracting undocumented immigrants, a claim widely debunked by experts.