Republicans and Musk are coming for your Social Security

One thing that 80% of Americans can actually agree on is that Social Security benefits should not be slashed. However, Elon Musk is out here proposing to chop $2 trillion from the federal budget, which is a whopping 30% of spending. With Social Security being the big kahuna in the budget, it’s not looking too good for our retirement funds.

Musk is all about sacrifices, not his, yours, claiming that everyone will have to tighten their belts under his reign. While Trump may not directly hack away at Social Security, or he might, his other schemes could indirectly lead to some snips here and there.

The Institute on Taxation and Economic Policy spilled the tea earlier this year, revealing that undocumented immigrants have actually been contributing $25 billion in Social Security taxes. So, if mass deportations go down, we could be saying goodbye to some serious cash flow. And according to the Committee for a Responsible Federal Budget, deportations, tariffs, and even Trump’s wild idea to nix income taxes on Social Security benefits could all spell trouble for the program’s finances. Looks like we might be facing a shortfall by 2031.

By that time, Trump will be long gone, but you can bet your bottom dollar that Republicans will still be eyeing those scissors. And who knows, they just might get their way.