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. …
10 comments:
What could go wrong? Maybe they might come up with sustainable solutions, rather than the same things that aren't working.
Why 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?
And my Aunt Mildred might come up with a solution for global warming.
What could go wrong? They could push to invest in bit coin and the entire fund goes down the drain.
And today Lindsay Graham has called for raising the full retirement age. Setting the stage for the benefit cuts Republicans want to implement.
This 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.
We are so *******
Answer--Republicans will kill Social Security, Medicare and Medicaid. Sleazy E came out and said that is the goal.
There real agenda is to privatize retirement benefits. All the rest is noise.
Exactly. We're being gaslighted.
Waste and fraud? Hire accounting types at OIG. Or ask Patel to assign FBI agents with accounting degrees to investigate.
Private equity=privitization.
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