From Bloomberg:
Elon Musk’s Department of Government Efficiency has sent three individuals with experience in private equity and finance to the Social Security Administration, highlighting the focus that President Donald Trump is putting on rooting out waste and fraud in the nation’s social insurance programs.
Among those tapped for the task are Antonio Gracias of Valor Equity Partners, who also served on the board of Tesla Inc. and was an early investor in SpaceX — two of Musk’s companies — as well as Scott Coulter, formerly of Lone Pine Capital, and Michael Russo, formerly of Shift4, according to people familiar with the moves who spoke on condition of anonymity to discuss them. …
What could go wrong? Maybe they might come up with sustainable solutions, rather than the same things that aren't working.
ReplyDeleteAnd my Aunt Mildred might come up with a solution for global warming.
DeleteWhat could go wrong? They could push to invest in bit coin and the entire fund goes down the drain.
DeleteWhy suggest sending in three buffoons with no knowledge of the program, or of how to identify and address fraud generally, as a signal that Trump is serious about addressing fraud?
ReplyDeleteAnswer--Republicans will kill Social Security, Medicare and Medicaid. Sleazy E came out and said that is the goal.
DeleteAnd today Lindsay Graham has called for raising the full retirement age. Setting the stage for the benefit cuts Republicans want to implement.
ReplyDeleteThis is what they’ve always wanted. Turn the Social Security trust fund over to the finance bros to gamble with in the stock market. Horrible, HORRIBLE decision.
ReplyDeleteWe are so *******
ReplyDeleteThere real agenda is to privatize retirement benefits. All the rest is noise.
ReplyDeleteExactly. We're being gaslighted.
DeleteWaste and fraud? Hire accounting types at OIG. Or ask Patel to assign FBI agents with accounting degrees to investigate.
Private equity=privitization.