Elon Musk defended Dogecoin’s efforts to cut government waste during President Donald Trump’s first cabinet meeting. In a podcast interview with Joe Rogan, Musk criticized Social Security as a “Ponzi scheme” and described the federal government as a “pyramid scheme.” He argued for fixing entitlement systems due to declining birth rates and increased post-retirement life expectancy. Musk previously claimed that dead Americans are receiving Social Security benefits, sparking concerns about dismantling the safety net. Democratic lawmakers like Sen. Adam Schiff accused Republicans of targeting Social Security and Medicare following Musk’s comments. However, House Speaker Mike Johnson stated that any efforts to scrutinize Social Security would focus on fraud, waste, and abuse. Sen. Bernie Sanders suggested repealing the Social Security tax cap to address the program’s financial issues. The discussion around Musk’s remarks highlighted the ongoing debate over entitlement programs and government efficiency.
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