President Trump Unleashed Elon Musk to Cut $2 Trillion From the Federal Budget. Could Social Security and Medicare Cuts Be on the Way?
The latest cover of Time magazine shows Elon Musk sitting at the historic Resolute Desk in the Oval Office with the U.S. flag and the presidential flag behind him. This doctored image suggests not so subtly that Musk is the real power in the White House rather than President Trump. Whether or not you believe this is true, Musk's influence in the second Trump administration is undeniable. Trump has placed Musk, the world's richest man, CEO of Tesla (NASDAQ: TSLA) and SpaceX, and primary owner of X (formerly Twitter), Neuralink, and The Boring Company, as the point person to make huge cuts to federal spending. Could Musk have his eyes set on Social Security and Medicare? Image source: Getty Images.Continue reading
![President Trump Unleashed Elon Musk to Cut $2 Trillion From the Federal Budget. Could Social Security and Medicare Cuts Be on the Way?](https://g.foolcdn.com/editorial/images/807009/two-people-with-stunned-expressions-looking-at-laptop.jpg)
The latest cover of Time magazine shows Elon Musk sitting at the historic Resolute Desk in the Oval Office with the U.S. flag and the presidential flag behind him. This doctored image suggests not so subtly that Musk is the real power in the White House rather than President Trump.
Whether or not you believe this is true, Musk's influence in the second Trump administration is undeniable. Trump has placed Musk, the world's richest man, CEO of Tesla (NASDAQ: TSLA) and SpaceX, and primary owner of X (formerly Twitter), Neuralink, and The Boring Company, as the point person to make huge cuts to federal spending. Could Musk have his eyes set on Social Security and Medicare?
Image source: Getty Images.