DOGE 'should definitely' examine Federal Reserve costs, says Musk

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DOGE 'should definitely' examine Federal Reserve costs, says Musk - Business Standard

Quick Summary:

The appeals court specifically cited Musk’s comments that Social Security was a “Ponzi scheme” as evidence that the old-age pension program was in the “crosshairs” of the Trump administration.

Musk spoke Wednesday in the White House’s Roosevelt Room, just hours before the Wall Street Journal reported that Tesla Inc.’s board had initiated talks with a search firm to find the EV maker’s next CEO.

Fraudsters often exploit the lack of connectivity in government databases, he said, so that one government agency may not know that another agency has flagged a recipient for fraud.“And so we take something like a Social Security database where there’s something like 20 million people marked as alive who are not — now, most of those people were not receiving Social Security.