Bloomberg Television
@markets·3.2M subscribers·95.6K videos
Social Security: Will It Survive Under Trump?
Posted
March 24, 2025
Views
3,747
Likes
44
Comments
56
Engagement
2.67%
March 24, 2025
3,747
44
56
2.67%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:42Now PlayingElon Musk’s Department of Government Efficiency now has 10 staffers at the Social Security Administration as the Trump White House looks for evidence to support its claim that there could be millions of dead people receiving public benefits.
Two sworn statements filed in federal court late Wednesday show that the SSA has staffed up in recent weeks to include four special government employees and six more DOGE staffers on loan from other departments.
Their mission: detecting waste, fraud and abuse in the nation’s 90-year-old social insurance agency.
Musk has called Social Security a “Ponzi scheme,” and suggested this week that there could be as much as $700 billion a year in entitlement fraud. Critics have said he is setting up a move to cut the popular program. Others are concerned about Musk’s team having access to Americans’ most sensitive data.
Ernie Tedeschi, Director of Economics at the Yale Budget Lab, discusses the inflationary risks of rising federal deficits and debt, and explains why his team thinks the social security program will go broke if not properly addressed in the near-term. Ernie speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
