‘FOLLOW THE MONEY’ Elon Musk goes behind-the-scenes with Larry Kudlow, unveils the biggest fraud source that’s been operating under Americans’ noses the whole time. The DOGE boss breaks down his plans to combat the nation’s “enormous” deficit.

‘FOLLOW THE MONEY’ Elon Musk goes behind-the-scenes with Larry Kudlow, unveils the biggest fraud source that’s been operating under Americans’ noses the whole time. The DOGE boss breaks down his plans to combat the nation’s “enormous” deficit.
Elon Musk has recently been involved in significant discussions regarding U.S. federal spending and potential fraud within entitlement programs. In a recent interview with Fox Business Network, Musk, who serves as an advisor to President Donald Trump, claimed that federal entitlement programs, particularly Social Security, are rife with fraud and waste. He estimated that potential fraud could range from $500 billion to $700 billion, significantly surpassing previous watchdog estimates.

To address these concerns, Musk has proposed substantial cuts to federal entitlement programs. He referred to Social Security as “the biggest Ponzi scheme of all time” and suggested that these programs are linked to issues like illegal immigration and voter expansion. These remarks align with the controversial “great replacement” theory, which posits political manipulation of demographics. Musk’s approach has elicited mixed reactions, with some viewing it as a necessary step toward fiscal responsibility, while others express concern over potential harm to essential services

Beyond entitlement programs, Musk has been actively involved in efforts to streamline government operations through the Department of Government Efficiency (DOGE). Established under the Trump administration, DOGE aims to reduce federal spending and the size of the federal workforce. Musk has set ambitious goals, initially proposing cuts of up to $2 trillion, later adjusting to a “best-case scenario” of $1 trillion. As of early February 2025, DOGE’s budget had expanded to nearly $40 million

Musk’s involvement in DOGE has raised concerns among investors, particularly regarding his commitment to his private ventures. He acknowledged running his companies, including Tesla and SpaceX, “with great difficulty” due to his extensive government role. This admission coincided with a significant drop in Tesla’s stock, which fell more than 15% in a single day, marking its largest decline since 2020. Investors worry that Musk’s divided attention between his business interests and government responsibilities could impact company performance.

In summary, Elon Musk’s recent activities reflect a deep engagement in federal fiscal policy, focusing on reducing spending and addressing inefficiencies. While his efforts aim to tackle perceived waste and fraud, they also generate debate over their potential impact on essential public services and the broader economy.