From the New York Times:
A private equity investor who is one of Elon Musk’s closest confidants has taken a new role in the Social Security Administration, a development that could be politically combustible given the program’s popularity with voters and Mr. Musk’s apparent intent to make major changes at the agency.
The investor, Antonio Gracias, who has served on the boards of Mr. Musk’s businesses Tesla and SpaceX, has started a job at the administration as part of the Musk-led cost-cutting effort known as the Department of Government Efficiency, according to documents seen by The New York Times and two people informed about his appointment.
Of the more than 50 people who have joined Mr. Musk in Washington, almost none have as extensive a history with him as Mr. Gracias. The men met around two decades ago and in that time, Mr. Gracias has become one of Mr. Musk’s most trusted advisers. ...
The involvement of such a close ally with the Social Security Administration suggests that Mr. Musk has made overhauling the agency a priority; in recent weeks, the tech billionaire has regularly talked about supposed fraud inside the system. Two weeks ago, he referred to Social Security as “the biggest Ponzi scheme of all time,” and this week he claimed that fraud in the program and other major entitlement spending was “the big one to eliminate.” ...
Trying to privatize Social Security was such a big success for George W. Bush, why shouldn't Trump go for it?
22 comments:
No bueno.
The wolfs of Wall Street are in the chicken coop . . .
They're gonna go for it to kill Social Security.
When is the convicted felon going to Make America Great Again? Luckily, the midterms are in 2026 and impeachment proceedings will follow shortly thereafter.
The value of Tesla shares has gone from $480 a few months ago down to $248, and the vehicles are now known as "Swasticars" - so. may Musk's close advisor ought to recommend that he get out from under the government microscope. He should have stayed in the car and space business. Now, he's got a lot more powerful people wanting to take him down.
$2.8Trillion of our money is at stake here folks. That is what they are going after.
Employees are excited to see and welcome new faces. Private equity heads can teach the agency a lot about how to better serve our customers.
Manipulating Americans, Grabbing Assets
Obvious shill is obvious.
Nobody cares what you think, Leland.
Private equity is good at loading up debt and reducing and removing customer service. Take a look at private equity owned doctors groups that require doctors to limit visits to 10-15 minutes tops.
He has blackmailed India into allowing import of t Teslas duty free and using Starlink as satellite internet provider
Musk’s reputation is untrustworthy.
I cry for my country. If we had leaders like this during the revolutionary war we would still be an English Colony.
It’s a joy to see such leaders. Trump has brought in the finest CEOs, PEs, the DOGE whiz kid geniuses, and don’t forget the fabulous Frank Bisignano. I see big things for this sleepy agency. Frank’ll whip them into shape quick. No more backlogs.
They’re going after the Treasury & the G Fund. Turn it into crypto & loot it. Wake up.
This would be good. The G fund should be tied to crypto for better returns. Who would you rather have managing your money: Leland or Elon?
After the looting, they’ll tell the American people they’ve set us all up with crypto accounts loaded with a token amount to smooth things over. The Magats will love it, never questioning what happened to the treasury money. They’ll tell us we have a crypto based economy and we’ll be the envy of the world.
Can’t tell if this is sarcasm or not. If it is, spot on. If it’s not, I’d love to see how losing 7,000-10,000 employees (or more, who really knows) and forcing those remaining to work in person 5 days a week because you feel like it, but based on no concrete data/rhyme/reason is going to make the remaining employees motivated to work even harder to drive down backlogs.
Yeah. Frank will just contract everything out to private industry...
They are here to rob the country blind. If you say something out loud, they will shut you and your family down with all the information they have on you.
Gracias is meeting with employees who are not the SMEs about the things they are discussing. He gets misinformation and demands on-the-spot (bad) decisions which then create a "vulnerable asset" and the erosion of public trust. Breaking the agency is the objective, and executives and employees blindly following are complicit. The Congress, Courts, and the Public should be very alarmed at what's happening at SSA.
Post a Comment