Elon Musk Faces Backlash After Calling Social Security a 'Ponzi Scheme'

Musk's comments on Social Security during a podcast appearance spark criticism from lawmakers and advocates as concerns grow over potential disruptions to the program.

Elon Musk referred to Social Security as a 'Ponzi scheme' during an appearance on the 'Rogan Experience' podcast, claiming its future obligations exceed tax revenues.
Progressive lawmakers, including Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders, strongly criticized Musk's remarks, defending Social Security as a vital anti-poverty program.
Advocacy groups highlighted that Social Security has not missed a payment in 89 years and is 90% funded for the next 25 years, countering Musk's claims.
Musk's comments come amid efforts by the Trump administration and the Department of Government Efficiency (DOGE), which Musk co-leads, to cut federal spending, including staffing reductions at the Social Security Administration.
Concerns are growing over potential benefit payment delays or disruptions as the Social Security Administration faces pressure to downsize its workforce.