Musk calls Social Security a Ponzi scheme
Newsmax: Billionaire Elon Musk, head of the Trump administration's Department of Government Efficiency, called Social Security the "biggest Ponzi scheme" in history during an interview with podcaster Joe Rogan last week. Musk's comments came during a 3-hour plus interview on the "Joe Rogan Experience" on Friday. He was discussing solvency of the entitlement program, saying that the combination of falling birthrates and the increasing life expectancy is putting stress on the system. "Social Security is the biggest Ponzi scheme of all time," Musk told Rogan. "There are fewer babies being born," Musk said, adding, "and you have more people who are retired that live for a long time and get payments." "We better fix what we've got right now, because if it's bad now, it's going to be much worse in the future," Musk continued. President Donald Trump has vowed not to touch Social Security or Medicaid, asserting ...