According to NBC News, Donald Trump has reaffirmed his pledge not to cut Social Security. Elon Musk's growing influence in federal cost-cutting has raised tensions within the Republican Party. Musk oversees the Department of Government Efficiency and recently called Social Security a “Ponzi scheme." Musk’s plan to cut up to $2 trillion in federal spending would likely require reductions to entitlement programs like Social Security. Improper payments comprised less than 1% of benefits from 2015 to 2022.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Donald Trump has reaffirmed his plans not to cut Social Security according to NBC News.
00:06Elon Musk's growing influence in federal cost cutting has raised tensions within the Republican
00:11Party. Musk oversees the Department of Government Efficiency and recently called Social Security
00:16a Ponzi scheme. Musk's plan to cut up to $2 trillion in federal spending would likely
00:22require reductions to entitlement programs like Social Security. Proper payments made
00:27up less than 1% of benefits from 2015 to 2022. For all things money visit Benzinga.com slash GSTV