Ex-Obama campaign advisor: Musk’s accusations debunked

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00:00Okay, Spencer, is the social security system in the United States the biggest Ponzi scheme

00:05of all time, as Elon Musk has said it is?

00:08No, this is absolutely not true, at least in terms of him having been able to present

00:15any evidence to demonstrate it.

00:17In fact, as several observers have noted, including people who are very skeptical about

00:23big government, Musk has unintentionally done an audit of social security and other government

00:29systems, which those systems have passed with flying colors so far.

00:35Doge keeps having to revise down its claims about this waste and fraud and abuse.

00:41In one notorious case, the number $8 billion turned out actually to be $8 million, and one

00:46of Musk's brilliant young engineers was confused about the difference between those two numbers,

00:52apparently.

00:53There is no evidence of these supposed 150-year-old people being paid social security.

01:02This has been roundly debunked.

01:04When you look at the numbers, you can see that it's actually impossible if you just look at

01:07the number of people over the age of 100 who are receiving social security benefits who

01:12are alive.

01:13There are fewer of them than the total population of Americans who are over 100.

01:16I think it's only about half of those people are receiving social security benefits.

01:20So, for example, in that case, we've been here for years and we're giving them the students'

01:29rights.

01:30We're going to show you what the number of people, is that we're going to show up for

01:33a more information, because we're going to show up for now.

01:34So, for example, in that case, we're going to show up for 10 years in the head of our

01:40system, because of this reason, we have to show up for a particular event.

01:42So, at the time of this, we have to show up for more information on us and we're going to show up for

01:43a couple of the next few weeks.

01:44When you're going to show up for a year, we have to show up for a minute, which is

01:47the reason we make an effect on our list of our business.