In the wake of the 2004 elections, attempts by a Republican president to overhaul Social Security failed, resulting in a political shift. Now, Elon Musk’s derogatory comments about Social Security as a 'Ponzi scheme' resurrect fears of similar Republican moves. Democrats, led by figures like Chuck Schumer and Elissa Slotkin, see Musk's statements as a critical misstep, using it as a rallying point to galvanize opposition against what they perceive as attacks on a beloved federal program. The stakes are high, with memories of past political consequences still fresh in their minds.
Elon Musk, the multibillionaire overseeing the Trump administration effort to drastically shrink government, has derided the nation's most popular federal program as a sketchy pyramid scheme.
Senator Chuck Schumer of New York, the Democratic leader, said of Republicans as his party pounced on the issue. Their biggest mistake was going after Social Security when George Bush was president.
Senator Elissa Slotkin, the Michigan Democrat who delivered her party's rebuttal to Mr. Trump's congressional address on Tuesday night, hit on Social Security as well.
The president claims he won't, but Elon Musk just called Social Security the biggest Ponzi scheme of all time.
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