Back in the United States, the former head of the Social Security Administration has warned interference from the Trump administration could result in beneficiaries missing payments within the next three months. Martin O’Malley told CNBC, “Ultimately, you’re going to see the system collapse and an interruption of benefits. I believe you will see that within the next 30 to 90 days.” O’Malley added that “people should start saving now.” His warning came after the Social Security Administration notified workers of “significant workforce reductions” in the days ahead, as billionaire Elon Musk and his DOGE operation look to slash the agency. On Friday, Musk blasted Social Security as a “Ponzi scheme” in an interview with podcaster Joe Rogan.
Elon Musk: “Well, I mean, the government is one big Ponzi scheme, if you ask me.”
Joe Rogan: “Yeah, well, you could tell better than anybody.”
Elon Musk: “Social Security is the biggest Ponzi scheme of all time.”