President Donald Trump selected a shiny red Tesla on the White House driveway as he showed support for Elon Musk's electric automaker.

Though President Donald Trump has vowed that Social Security is not going anywhere, Elon Musk – the face of the government’s cost-slashing committee – has increasingly slammed the program during

A Ponzi scheme "is a fraud intended to mislead investors," said Christina C. Benson, an Elon University associate professor of business law. "Social Security is a legally mandated system that has been in place since the 1930s to serve as a critically important social safety net that allows working Americans to save towards retirement."

The steps DOGE is taking could diminish consumer confidence and eventually push the government to hand the program over to the private sector, proponents of Social Security say.