Elon Musk called the Department of Government Efficiency’s actions a revolution, according to Axios. Musk said they’ve reshaped the U.S. government by slashing staff, canceling contracts, and closing agencies. Musk holds “special government employee” status and said the group aims to cut $1 trillion from the deficit. Musk claimed Social Security is rife with fraud, citing inflated call center scam rates and 15 million supposed beneficiaries over age 120. Social Security's acting commissioner downplayed fraud claims, saying it was 1% of payouts.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Musk called the Department of Government Efficiency's actions a revolution,
00:05according to Axios.
00:06Musk said they've reshaped the U.S. government by slashing staff,
00:09canceling contracts, and closing agencies.
00:12Musk called special government employee status,
00:14said the group aims to cut $1 trillion from the deficit.
00:18Musk claims Social Security is rife with fraud,
00:20citing inflated call center scam rates and 15 million supposed beneficiaries over age 120.
00:26Social Security's acting commissioner downplayed fraud claims,
00:29saying it was 1% of payouts.
00:31For all things money, visit Benzinga.com slash GSTV.