Antonio Gracias, a private equity investor and one of Elon Musk's closest advisors, has joined the Social Security Administration, indicating a focus on major reforms at the agency. His appointment raises concerns due to Musk's recent criticisms of Social Security, which he called a "Ponzi scheme" and suggested was rife with fraud. Republicans have historically avoided significant cuts to the program due to political risks, but Musk’s involvement may signal a shift. With several associates joining Gracias, the political implications of these changes could be substantial given the program's popularity.
A private equity investor close to Elon Musk, Antonio Gracias, has taken a role at the Social Security Administration, raising concerns over potential agency reforms.
Gracias's appointment implies that Musk is focused on overhauling Social Security, as he has recently criticized it for fraud, labeling it a significant issue.
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