Summary
Elon Musk and Vivek Ramaswamy, leading Trump’s “Department of Government Efficiency,” are pushing for $2 trillion in federal budget cuts, which could target Social Security and Medicare.
While they claim to streamline government, critics argue billionaires like Musk and Ramaswamy are unaffected by these cuts, which could harm ordinary Americans who depend on these programs.
Despite Trump’s repeated promises to protect Social Security, skepticism remains over whether these cuts will influence Congress, where voter opposition to reducing benefits is strong.
Critics call the department’s influence limited but politically concerning.
Most of their net worth is in assets, not dollars.
Guess what they do hold in dollars? Debt.
And what happens to debt when the dollar tanks?