A Ponzi scheme "is a fraud intended to mislead investors," said Christina C. Benson, an Elon University associate professor of business law. "Social Security is a legally mandated system that has been in place since the 1930s to serve as a critically important social safety net that allows working Americans to save towards retirement."

Though President Donald Trump has vowed that Social Security is not going anywhere, Elon Musk – the face of the government’s cost-slashing committee – has increasingly slammed the program during

President Donald Trump defended Elon Musk, who attended a second Cabinet meeting Monday at the White House, as cost-cutting measures throughout the government were discussed and often praised.

Several Cabinet members heaped praise on Musk, a stark change from the group's last gathering, where tensions between Musk and other Trump officials boiled over.

As the public face of President Donald Trump’s Department of Government Efficiency, billionaire tech CEO Elon Musk has an expansive portfolio that spans across the many levers of government — and that could intersect with his wide range of business interests,

Trump administration officials said the company donated the internet service, saying the gift had been vetted by the lawyer overseeing ethics issues in the White House Counsel’s Office.