• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by February 8, 2025
written by February 8, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
CDC staff told to remove terms like ‘non-binary,’ ‘they/them,’ ‘pregnant people’ from public health material
next post
House Republicans continue Fani Willis investigation, requesting documents from DA employees

related articles

Mamdani’s ‘gun violence’ comments after killing of 7-month...

April 3, 2026

Vance tapped as ‘fraud czar’ as Trump targets...

April 3, 2026

Dem fundraising giant ActBlue rocked by allegations it...

April 3, 2026

No more casual: State Department imposes first-ever dress...

April 3, 2026

Bipartisan senators probe Kremlin-linked delegation’s meetings with US...

April 3, 2026

Trump eyes next attorney general as key GOP...

April 3, 2026

US pilot rescued from downed F-15E fighter jet...

April 3, 2026

State top cop moves to crush alleged DHS...

April 3, 2026

Karoline Leavitt says Jean-Pierre had ‘hard time’ as...

April 3, 2026

Celebrity chef lashes out at Trump for changing...

April 3, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • African war-torn nation invokes Trump ‘golden age’ for minerals deal in exchange for booting violent rebels

    March 20, 2025
  • Witkoff and Kushner scheduled to meet Putin in Moscow

    January 21, 2026
  • Dem governors, AGs vow resistance to incoming Trump administration

    November 9, 2024
  • Nikkei 225 Index is imploding today: will it rebound soon?

    March 9, 2026
  • MIKE DAVIS: Eric Tung is Trump’s pick to bring sanity to the Ninth Circuit

    August 9, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,475)
  • Investing (1,569)
  • Stock (1,012)

Latest Posts

  • PDD Holdings stock becomes a bargain before earnings: buy or sell?

    March 17, 2026
  • Trump dropped Matt Gaetz after complaining about high political cost of defending him

    November 26, 2024
  • Dems’ potential 2028 hopefuls come out against US strikes on Iran

    March 1, 2026

Recent Posts

  • Hawley blasts FDA approval of new abortion drug, cites safety and trust concerns

    October 2, 2025
  • New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • Biden announcement makes him first US president to not seek re-election since 1968

    July 21, 2024

Editor’s Pick

  • Evening digest: Bitcoin slips towards $80K, Trump’s Fed pick upends markets, commodities crash

    February 1, 2026
  • Crypto market snapshot, Dec 4: Bitcoin at $96K, Tron soars 75%

    December 4, 2024
  • Nvidia Stock Slumps as Dow Futures Edge Lower

    November 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock