Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

Politics

Top federal agency with history of wasteful spending could be next DOGE target

by admin February 8, 2025
February 8, 2025
Top federal agency with history of wasteful spending could be next DOGE target

Department of Government Efficiency (DOGE) chief Elon Musk’s efforts to clean up waste and fraud in the federal government will soon shift its focus to the Social Security Administration (SSA) in a move likely to create a firestorm with Democrats.

The SSA, created by the Social Security Act under President Franklin D. Roosevelt in 1935 and tasked with establishing a federal benefits system for older Americans, will soon become a focus of DOGE, according to a report from Semafor that was not denied by the White House when contacted by Fox News Digital.

While several Democrats — including Rep. Dan Goldman, D-N.Y., in a post on X — have been quick to accuse this move as being aimed at slashing Social Security benefits for the elderly, several areas with potential waste exist in the agency that don’t involve cutting current benefits. 

Just Facts, a nonprofit research institute, previously reported that the agency disbursed roughly $2 billion in fraudulent or improper payments in 2022, which it calculated was enough ‘to pay 89,947 retired workers the average annual old-age benefit of $21,924 for 2023.’

Just Facts explained that through a policy known as ‘administrative finality,’ once the ‘SSA mistakenly overpays a beneficiary for more than four years, it does not recover past overpayments and deliberately continues to make future overpayments excepting cases of fraud.’

The SSA sent roughly 7,000 federal employees disability benefits in 2008 while they were still taking wages from federal jobs, according to a 2010 report by the Government Accountability Office (GAO).

The GAO estimated that about 1,500 of those individuals ‘may have improperly received benefits’ since their wages went beyond maximum income thresholds. The GAO investigation also found that over 71,000 ‘stimulus checks’ were sent by the Obama administration to people who were deceased, including 63,481 people whose deaths had been previously reported to the agency.

‘Social Security will not be touched, it will only be strengthened,’ President Donald Trump said during a press conference on Friday. ‘We have illegal immigrants on Social Security and we’re going to find out who they are and take them out.’

Trump added, ‘We’re going to strengthen our Social Security, etc. We’re not going to touch it other than to make it stronger. But we have people that shouldn’t be on, and those people we have to weed out, most of them, or many of them, so far, have been illegal immigrants.’

On Friday afternoon, White House Principal Deputy Communications Director Alex Pfeiffer posted a report on X from the Center for Immigration Studies in 2021 that said, ‘We estimate that there are 2.65 million illegal immigrants with Social Security numbers.’

Trump added that DOGE will go through ‘everything’ when it comes to waste and fraud in the federal government.

In a statement to Fox News Digital, a spokesperson for the SSA said, ‘We remain focused and vigilant on the integrity of our programs and take seriously our responsibilities to deter fraud, waste, and abuse.’

DOGE has dominated news headlines over the past week as Musk’s team has moved to slash USAID’s $40 billion spending budget and put on leave the vast majority of its employees, as photos of the sign at the door of the agency’s Washington, D.C., headquarters being taken down have circulated on social media.

Musk has said that both he and Trump ‘agreed’ that the agency should be ‘shut down.’ Secretary of State Marco Rubio, who has been named acting director of the independent agency, on Monday echoed the sentiment, telling reporters, ‘USAID is not functioning.’

‘It needs to be aligned with the national interest of the U.S. They’re not a global charity, these are taxpayer dollars. People are asking simple questions. What are they doing with the money?’ Rubio continued. ‘We are spending taxpayers’ money. We owe the taxpayers assurances that it furthers our national interest.’

Democrats held a rally outside the Treasury Department earlier this week blasting the DOGE efforts as a threat to democracy. 

‘Elon Musk is a Nazi nepo baby, a godless lawless billionaire, who no one elected,’ Rep. Ayanna Pressley, D-Mass., said at a rally, sparking pushback from conservatives on social media.

‘Elon, this is the American people. This is not your trashy Cybertruck that you can just dismantle, pick apart, and sell the pieces of.’

Fox News Digital’s Stephen Sorace contributed to this report.

This post appeared first on FOX NEWS

previous post
‘JOE, YOU’RE FIRED’: President Trump revokes Biden’s security clearances, intel briefings
next post
House Republicans continue Fani Willis investigation, requesting documents from DA employees

Related Posts

Top Republican on Senate health committee says he’s...

January 31, 2025

Musk officially steps down from DOGE after wrapping...

May 29, 2025

Thailand, Cambodia reach ceasefire deal to end conflict...

July 29, 2025

Ashley Biden files for divorce from husband, Howard...

August 13, 2025

Americans witnessing crippling federal regulations can go directly...

April 14, 2025

Trump tells Grassley to tell Democrats ‘go to...

August 25, 2025

Hawley urges DHS Secretary Noem to declassify all...

July 15, 2025

Who is Samantha Power? Meet the Biden-era USAID...

February 6, 2025

Trump: China calling ‘a lot’ since last week’s...

April 18, 2025

New book sheds light on Harris decision to...

July 10, 2025

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Dem senator compares American founding principle to Iran’s theocracy: ‘Extremely troubling’
  • China shows missiles, Trump shows muscle: Xi’s strategy can’t match US
  • VP Vance curses out senators after heated Kennedy hearing: ‘Full of s— and everyone knows it’

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics

    September 5, 2025
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    September 5, 2025
  • Dem senator compares American founding principle to Iran’s theocracy: ‘Extremely troubling’

    September 5, 2025
  • China shows missiles, Trump shows muscle: Xi’s strategy can’t match US

    September 5, 2025
  • VP Vance curses out senators after heated Kennedy hearing: ‘Full of s— and everyone knows it’

    September 5, 2025
  • Trump stands by RFK Jr. after heated Senate hearing: ‘I like the fact that he’s different’

    September 5, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 5

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 6

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 7

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
Promotion Image

banner

Categories

  • Business (538)
  • Investing (1,919)
  • Politics (2,333)
  • Stocks (762)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2025 bullhedging.com | All Rights Reserved