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Elon Musk Calls Social Security Fraud the Biggest Ever

Elon Musk Calls US Federal Entitlement Fraud the 'Biggest Ever' in American History
Elon Musk Calls US Federal Entitlement Fraud the ‘Biggest Ever’ in American History

 

Elon Musk has made bold allegations regarding widespread fraud in US federal entitlement programs such as Social Security, Medicare, Medicaid, and welfare schemes. In a series of posts on X (formerly Twitter), Musk claimed that fraudulent activities in these programs surpass every private scam in history.

His claims come shortly after his appointment by President Donald Trump as the head of the Department of Government Efficiency (DOGE), a newly established body focused on optimizing government spending and eliminating wasteful expenditures.

Elon Musk’s Explosive Allegations on Government Fraud

In his latest post, Musk asserted:

“At this point, I am 100% certain that the magnitude of the fraud in federal entitlements exceeds the combined sum of every private scam you’ve ever heard by FAR. It’s not even close.”

The tech billionaire has raised concerns over an estimated $100 billion per year being distributed to individuals without a Social Security Number (SSN) or even a temporary identification number. He suggested that a significant portion of this sum could be fraudulent.

Musk’s Plan to Tackle Federal Entitlement Fraud

According to Musk, the DOGE team and the US Treasury Department have agreed on several critical steps to curb fraudulent payments. These measures include:

Mandatory Payment Categorization Codes
Clear Payment Rationale in Government Transactions
Strengthening the ‘DO-NOT-PAY’ List

Shocking Fraud Estimates: $50 Billion a Year in Fake Payments?

Musk revealed that during a discussion with Treasury officials, he was informed that nearly $100 billion per year in entitlement payments go to people without valid identification.

When he inquired about the estimated percentage of these payments that are clearly fraudulent, the response suggested at least 50%—approximately $50 billion per year or $1 billion per week.

Why Musk’s Claims Matter?

Final Thoughts

Elon Musk’s explosive statements on federal entitlement fraud have raised questions about the efficiency of government spending. As the DOGE initiative unfolds, the extent of fraudulent claims and the effectiveness of Musk’s proposed reforms will be closely watched.

Is this truly the biggest scam in American history, as Musk claims? Or is it an overstatement meant to push for aggressive policy changes? Only time will tell.

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