Thursday, December 19, 2024

Elon Musk Is Trying to Destroy Social Security

There's one plan:

Elon Musk tweets out the lie that Social Security is where all the money is. They show a bar chart where Social Security is presented as a huge expense, as if it's the government's money.

More

They compare it to things paid from the general fund, which is misleading.

Comments

"Social Security has nothing to do with the deficit. Cutting Social Security benefits doesn't reduce the deficit because the money is in a trust fund.

That's not me saying it; that's Ronald Reagan from 1983. These facts haven't changed. Their plan is to lie about Social Security being a big contributor to the deficit, which it legally cannot be, and use that as an excuse to steal our money.

Meanwhile, they hand out trillions to billionaires.

President Musk and Vice President Trump aim to pass tax cuts for themselves and the wealthy while cutting Social Security benefits"the average of which is $1,900 per month " for everyone else to pay for it.

This was the plan of the Simpson-Bowles Commission, and all I did was stand outside and tell that story loudly. I asked every member going in if they would pledge to uphold the promise Donald Trump himself made when he ran, saying he wouldn't cut Social Security or Medicare."

/

"It's clear, Thom, that President Musk and Vice President Trump will try to cut Social Security. Their main priority, though, is giving tax handouts to themselves.

That's why Trump is demanding the debt ceiling be raised as part of the continuing resolution.

They'll frame cuts to Social Security as a way to pay for things, but they don't care " they'll just add it all to the deficit.

This ties into Wall Street's financial priorities.

If you turn on CNBC or Bloomberg, you'll see this. They want these tax handouts but know the numbers only work if they cut Social Security. They falsely present Social Security as a big debt problem to satisfy Wall Street bondholders, the "bond vigilantes." excerpts

the short Transcript article is below the video on the same page

#1 | Posted by Corky at 2024-12-19 06:00 PM

"The Exchange

Kelly Evans:

Elon Musk: the ultimate Bond Vigilante

Thu, Dec 19 2024"

www.cnbc.com

#2 | Posted by Corky at 2024-12-19 06:03 PM

We're officially an oligarchy.

#3 | Posted by ClownShack at 2024-12-19 06:07 PM

The people we voted for, including Donald Trump, are all taking orders from Elon Musk.

#4 | Posted by ClownShack at 2024-12-19 06:09 PM

They'll frame cuts to Social Security as a way to pay for things, but they don't care " they'll just add it all to the deficit.

President Musk/Trump have 2 years to do whatever it is that they plan to do. If they implement their plans regarding cuts to SS or Medicare, seniors will hand them their heads in the 2026 elections. Seniors will be quick to recognize the negative impact on these 2 essential programs and, as we know, seniors vote. A little democratic messaging to stoke the fire and 2026 will be a free for all. Musk's pledge to primary incumbents that are insufficiently local will only improve the odds of a democratic challenger because the republican replacement will have lost the advantage of incumbency.

#5 | Posted by FedUpWithPols at 2024-12-20 06:36 AM

#5 not if Trump does away with "real" elections.

#6 | Posted by ichiro at 2024-12-21 09:43 PM

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