Trump, Musk Asked Straight Out If They Can 'Guarantee' No Interruption To Social Security Benefits

4 hours ago

President Trump and Elon Musk say no interruption in entitlement benefits will occur.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00Mr. President, as you guys look at the Social Security Administration and you guys are looking

00:05for fraud and waste and abuse, can you guarantee people who are concerned about an interruption to

00:12benefits that there will not be? Yes, we're going to be very careful with any interruption to

00:17benefits. In fact, only by tackling the waste and fraud in entitlements like Social Security,

00:23Medicare, can we actually preserve those programs for the future. Because with unchecked fraud and

00:27waste, we won't be able to afford them. The President is very dedicated to solving the budget

00:33deficit, which if we don't solve the budget deficit, we're going to go bankrupt as a country.

00:38If we go bankrupt as a country, there's no Social Security, there's no Medicare, there's no nothing.

00:43And to sort of echo what the President was saying, what really matters is moving people from jobs

00:48that are relatively low productivity in government to high productivity in the private sector,

00:53increasing the true output of products and services. That's the real economy.

00:58That's what actually enables Americans to have a higher standard of living,

01:01and that's what's happening. And that's, I think, you'll see the truth of that in the months to come.

01:08And we're going to make it really much stronger by taking people that don't exist,

01:13or taking people that shouldn't be there out, by taking illegal aliens that are on Social Security

01:19or Medicaid or Medicaid and Medicare, by taking them out, we're making it much stronger. The

01:25country will be much stronger, but it's going to really be stronger economically. And when you look

01:30at what we're doing, I've been called by so many companies. Yesterday, as you know, I had a meeting

01:36with some of the biggest tech companies in the world. And all they're talking about, they can-

01:41IBM was there. We had a- we had a lot of them. Dell. Michael Dell was there. We had a lot of

01:46great companies. Hewlett Packard. And all they're talking about is investing in this country.

01:53They want to be sure. Don't forget, they're looking down the road 10 years and 15 years.

01:56They want to make sure we have a strong country. They're all coming in. As you know, Apple.

02:02Tim Cook, he said that he's going to invest $500 billion in the United States. He never did that

02:08before. He invested in China. He's got his plants in China. And now he's got them- going to be

02:14building them in the United States. And if I didn't have a victory in that election, he wouldn't

02:19be doing it. And if I didn't say what I'm saying, and I'm being very honest, and it's much more

02:24difficult than just sitting around and having a great time. It's a very glamorous position,

02:28if you want to do that. We could have kept it, but eventually bad things would have happened.

02:32This way, good things. I'm very optimistic about the country. I think we're going to have the

02:36greatest markets we've ever had. And it's going to be really fueled by what we're doing.

02:42You had to see these companies yesterday. They're investing billions and trillions.

02:46They're investing trillions of dollars here. They wouldn't have invested 10 cents.

Trump, Musk Asked Straight Out If They Can 'Guarantee' No Interruption To Social Security Benefits

Category

Transcript

Recommended