Claim: Senator Chuck Schumer and Bloomberg News claimed that Elon Musk called for the elimination or reduction of Social Security and Medicare.
Verdict: False.
Musk did not seek social security or exclusion from Medicare. He also did not seek to cut profits.
Musk's comments referenced waste and fraud in eligibility spending rather than abolishing these programs or reducing the profits they offer. Schumer and Bloomberg deliberately misrepresented his statements for political purposes.
Senate majority leader Chuck Schumer (D-NY) was seized in recent comments from Elon Musk in an interview with Fox Business's Larry Kudlow, pushing the familiar democratic line of attack that Republicans falsely accused them of eliminating Social Security and Medicare. Schumer falsely claimed that Musk said “the quiet part is loud” by advocating for the end of these programs.
On Wednesday, Schumer spoke from the floor of the US Senate.
This week, Elon Musk yelled out the quiet parts, saying that all Americans should be wary.
He, of course, mentions Social Security, “Most of the federal spending is qualifications… that's a big thing to be eliminated.”
Elon Musk clearly states that. The big goal for Republicans is to “exclude” his word, social security and Medicare interests.
Bloomberg News also misleadingly framed Musk's comments, claiming that he “called “qualifying spending – benefits like Social Security and Medicare as key goals for reducing.”
The reality is that masks never asked to cut benefits, instead calling waste in qualification spending a major financial issue.
“The waste report in qualification expenditure, which is mostly federal spending, is qualification. It's like a big thing to eliminate. It's like 50 trillion, maybe $600, $700 billion a year,” Musk said in an interview with Kudlow.
Schumer and Bloomberg took the phrase “big to exclude” from the context. Masks did not seek to eliminate Social Security and Medicare. He referenced waste and inefficiency within his qualification program.
Additionally, Schumer falsely argued that Musk's comments represented a Republican position. The reality is that President Donald Trump has explicitly opposed social security and Medicare cuts, making Schumer's accusations baseless. Musk, a businessman who is an unpaid adviser to the Trump administration, has not set Republican policies.
This is a clear example of democratic fear and media spin. Rather than addressing legitimate concerns about the long-term sustainability of the qualification program, Schumer and Bloomberg chose to misinterpret Musk's words to score political points.
