The involvement of Antonio Gracias, an investor who has known Elon Musk for two decades, suggests that Mr. Musk has made overhauling the Social Security Administration a priority.

The DOGE edgelord has views on popular entitlement programs that no politician could embrace without fear of extinction.

As Elon Musk continues to slash the budgets of government agencies at the behest of President Donald Trump, Social Security appears to be in the billionaire’s crosshairs. During an appearance on comedian Joe Rogan’s podcast last week, Musk criticized Social Security benefits, which are received by an estimated 72.5 million Americans.

The world’s richest man claims, without evidence, that there’s $700 billion in “waste and fraud” he can cut from America’s core safety net programs

The two maintain that they won’t attack the program, but their repeated claims of rampant fraud serve a strategic purpose.

Senate Finance Committee Democrats, led by Ron Wyden, to convene a hearing to investigate recent developments at the Social Security Administration (SSA).

Elon Musk has claimed that Social Security and other welfare programmes are plagued by fraud and improper payments, arguing that cutting $500 billion to $700 billion in government waste should be a key priority.