President Donald Trump delivered a major victory for working-class Americans by pulling the plug on New York’s deeply unpopular congestion pricing scheme. In a decisive move, U.S. Transportation Secretary Sean Duffy informed Gov. Kathy Hochul that the federal government is revoking its approval of the plan, which was set to charge drivers $9 to enter Manhattan below 60th Street.

The program, touted as an effort to reduce traffic and pollution, was nothing more than a cash grab designed to bail out the financially incompetent Metropolitan Transportation Authority (MTA)—which is drowning in tens of billions of dollars of debt. The decision was cheered by New Yorkers, especially commuters and small business owners who were bracing for yet another crushing tax.

Trump Saves New York from Hochul’s Scheme

Duffy didn’t mince words in his letter to Hochul, calling congestion pricing “a slap in the face to working-class Americans and small business owners.”

“Every American should be able to access New York City regardless of their economic means. It shouldn’t be reserved for an elite few,” Duffy wrote.

Trump, never one for subtlety, took to Truth Social to declare victory, writing:

“CONGESTION PRICING IS DEAD. Manhattan, and all of New York, is SAVED. LONG LIVE THE KING!”

Hochul, visibly rattled, launched into damage control mode, holding an angry press conference at Grand Central where she vowed to fight Trump’s decision in court.

“President Donald Trump tweeted ‘long live the king.’ I’m here to say New York hasn’t had a king in over 250 years. We sure as hell are not going to start,” Hochul raged.

She went on to bizarrely claim that New Yorkers were now ‘roadkill’ on Trump’s revenge tour. Perhaps she forgot that she herself had paused the congestion pricing plan last summer, calling it too burdensome on working-class commuters—only to flip-flop and push it through after Trump’s re-election.

Liberals Melt Down, Working-Class New Yorkers Celebrate

The usual Democrat elites rushed to Hochul’s defense, hailing the toll as a “necessary solution” despite its devastating impact on middle-class workers and small businesses.

MTA CEO Janno Lieber, who has been desperately trying to defend the program, claimed that traffic in Manhattan was down 9% in January due to the toll. But what he failed to mention was that foot traffic in business districts plummeted, hurting local stores and restaurants.

“Traffic is way down because people can’t come into Manhattan, and it’s only going to get worse,” Trump told Miranda Devine in an interview earlier this month.

Meanwhile, everyday New Yorkers and conservative lawmakers rejoiced.

Staten Island Borough President Vito Fossella, who had sued to stop the toll, thanked Trump for killing the scam.

“This was always a three-strike loser—a nonstarter for Staten Island: more traffic, more air pollution, and more tolls.”

Republican Rep. Nicole Malliotakis (NY-11) hailed it as “a victory for hardworking, taxpaying commuters” who have been unfairly treated like bottomless ATMs for New York Democrats.

Even New Jersey Gov. Phil Murphy, a Democrat, called the plan a “disaster” for middle-class commuters.

A Scam to Bail Out the MTA

Trump’s Department of Transportation cited one major reason for the reversal: the toll had nothing to do with reducing traffic or helping the environment. Instead, the revenue was set to line the pockets of the corrupt MTA, which is one of the worst-run transit systems in America.

New Yorkers already pay sky-high taxes to fund infrastructure, yet the MTA, under Hochul and her cronies in Albany, continues to waste billions.

GOP Rep. Mike Lawler (NY-17) slammed the congestion tax as nothing more than a money grab.

“This entire program is a scam—a symptom of a far deeper issue in our state: government overreach and rampant mismanagement at the hands of Kathy Hochul and her corrupt allies.”

What’s Next?

Hochul is already preparing a legal battle to keep her deeply unpopular toll alive, but with Trump in the White House and a growing bipartisan backlash, she’s fighting an uphill battle.

The real solution? Audit the MTA, cut the waste, and stop using everyday New Yorkers to fund Democrat failures.

Elon Musk is making waves once again, this time with a proposal that could put money back into the pockets of hard-working Americans. Musk announced that he will be discussing a plan with President Donald Trump to distribute tax rebate checks—dubbed the “DOGE Dividend”—funded by projected savings from the Department of Government Efficiency (DOGE).

This bold idea could return billions of dollars to taxpayers, provided it gets congressional approval and DOGE meets its ambitious cost-cutting goals.

Why This Matters

This proposal arrives at a time when government spending, tax policy, and economic relief measures are under intense scrutiny. While Trump has been laser-focused on cutting government waste and extending tax cuts, some lawmakers argue that any savings should be directed toward reducing the national debt rather than being returned directly to taxpayers.

Unlike the COVID-era stimulus payments, which were designed as emergency relief, the DOGE Dividend would be based on federal spending reductions—a major shift in how Washington views economic policy.

How the DOGE Dividend Would Work

Musk hinted at the plan on X (formerly Twitter), responding to Azoria CEO James Fishback’s proposal to return 20% of DOGE savings to taxpayers. Fishback estimated that if DOGE meets its ambitious $2 trillion savings target, it could generate $400 billion in rebates—translating to $5,000 per household for the 78 million taxpayers who contribute to federal income taxes.

That could mean around $2,500 per person in a two-income household, depending on tax status. However, if DOGE falls short, the rebates would shrink accordingly.

So far, DOGE has reportedly saved $55 billion, meaning that at this stage, each taxpayer would receive just under $360. These savings have primarily come from cutting bloated federal contracts and agency budgets.

The Pushback: Is More Money in the System a Good Idea?

While many Americans would welcome a tax rebate, some financial experts are sounding the alarm.

Kevin Thompson, founder of 9i Capital, warned:
“If people thought inflation was bad last year and prices are still stubbornly high now, imagine what would happen if we pumped even more money into the system.”

Others, like former Office of Management and Budget official F. Stevens Redburn, have raised logistical concerns, noting that Congress and the Treasury Department would have to sign off on any plan to track and distribute savings.

What Happens Next?

Right now, the DOGE Dividend is just a proposal. It would require congressional approval before taxpayers see a dime. The question now is how lawmakers will respond—will they back direct payments to taxpayers, or will they push for alternative tax relief?

With Trump leading the charge to slash wasteful spending, and Musk uncovering massive inefficiencies in government, conservatives are energized by the prospect of Washington finally working for the people—instead of draining their wallets.

Elon Musk has once again sent shockwaves through the tech industry with the unveiling of Grok 3, the latest and most powerful version of his AI chatbot. Developed by his startup xAI, Grok 3 claims to outperform OpenAI’s GPT-4o, Google’s Gemini, Anthropic’s Claude, and China’s DeepSeek V3. The announcement marks a major escalation in the AI arms race, setting the stage for a dramatic showdown between Musk and his rivals in Big Tech.

Grok 3 Crushes the Competition

At a live-streamed launch event, Musk declared that Grok 3 is “an order of magnitude more capable” than its previous versions. According to test results released by xAI, Grok 3 outshines its competitors in math, science, and coding, suggesting a monumental leap in AI development.

What makes Grok 3 even more impressive? It was trained using 10 times the computing power of its predecessor, Grok 2. Andrej Karpathy, a former Tesla AI director and OpenAI co-founder, tested the model and admitted it was “slightly better” than Google’s and DeepSeek’s latest releases—an admission that has OpenAI scrambling.

Musk’s Plan to Dominate AI

Musk isn’t just aiming to compete with Big Tech—he’s looking to dismantle its monopoly on artificial intelligence. The Grok chatbot is already available to premium X subscribers, offering users an alternative to the ultra-woke and heavily censored AI models from OpenAI and Google.

But Musk isn’t stopping at chatbots. His new Deep Search feature, an AI-powered search engine, aims to bring transparency and reasoning back into internet searches. This is a direct challenge to Google’s dominance, which has long been accused of manipulating search results to favor leftist narratives.

The Legal Battle That Could Change AI Forever

The timing of Grok 3’s release is no coincidence. Musk is currently locked in a bitter legal war with OpenAI and Microsoft, suing them for abandoning their original mission of open-source AI development in favor of corporate greed.

In a federal antitrust lawsuit, Musk is fighting to prevent Sam Altman and his allies from turning OpenAI into a for-profit machine controlled by Silicon Valley elites. Last week, Altman rejected Musk’s $97.4 billion offer to take control of OpenAI, despite Musk’s offer to abandon the takeover if Altman walked away from his for-profit plans.

This is about more than business—it’s about who controls the future of AI. Musk wants AI to be open and accessible to the people, while Big Tech wants to keep it locked behind paywalls and political censorship.

The China Factor: DeepSeek’s Suspicious AI Claims

Meanwhile, China is making its own power moves in the AI war. DeepSeek, a Chinese AI company, claims to have developed an advanced open-source chatbot without access to Nvidia’s top-tier chips—a claim that Musk and other experts highly doubt.

Musk suspects that DeepSeek has far more computing power than it’s admitting, possibly sidestepping U.S. chip restrictions to fuel its AI development. If true, this means China’s AI race is moving faster than expected, raising major concerns about national security and technological dominance.

Musk’s Vision: A Future Free from AI Censorship

Musk’s push with Grok 3 and Deep Search is about more than just tech dominance—it’s about restoring free speech and breaking the stranglehold of woke AI. Big Tech has spent years censoring information, filtering search results, and pushing leftist narratives through AI-generated responses.

Musk’s approach? Let AI be smart, truthful, and unfiltered. With Grok 3, he’s proving that AI doesn’t need to be sanitized by Silicon Valley elites.

As Musk expands xAI, investors are lining up to back his vision. The company is in talks to raise $10 billion at a staggering $75 billion valuation, with investment giants like Andreessen Horowitz and Sequoia Capital looking to get in on the action.

The AI war is officially on, and Musk isn’t backing down.

Americans are making some gains in their emergency savings, but the reality is still far from stable. A recent Bankrate report shows that while 30% of U.S. adults have more emergency savings than they did a year ago, a staggering number are still struggling to cover unexpected expenses without going into debt.

The trend of Americans increasing their savings has been gradually improving, up from 26% in 2023, thanks in part to easing inflation. Inflation in January 2025 stood at 3%, down from the brutal 6.4% rate in 2023, allowing some breathing room for households to rebuild their financial buffers. However, that improvement isn’t reaching everyone. The number of Americans who say they have less savings than a year ago has also declined, but 27% still report having fewer savings than last year, showing that financial struggles remain widespread.

Perhaps the most concerning statistic is that only 41% of Americans could afford an emergency $1,000 expense from their own savings, the lowest percentage since 2021. That means the majority of the country is one car repair or medical bill away from financial crisis. And where do they turn? Credit cards. A full 25% of respondents admitted they would put a $1,000 emergency expense on plastic, up from 21% last year. With interest rates still painfully high, relying on credit cards for emergencies is a fast track to financial disaster.

Bankrate’s Mark Hamrick summed it up best: America is still a “paycheck-to-paycheck” nation. Despite steady job growth and a recovering economy, millions are still struggling to build financial security. The U.S. personal savings rate, which once soared above 10% during COVID lockdowns, has plummeted to below 5% in most months since 2022.

The long-term effects of Biden-era inflation haven’t gone away. Between 2021 and 2025, essential goods skyrocketed in price—eggs up 237%, milk up 16%, bread up 24%, and chicken up nearly 30%. Everyday essentials are more expensive than ever, leaving Americans with less to save.

Adding to the problem, Americans are drowning in debt. A Feb. 13 study by Achieve found that 26% of households have taken on new debt in the last three months alone. Achieve co-founder Andrew Housser warns that once families fall into debt, it can take months or even years to recover.

So where does this leave the average American? Struggling under the weight of debt, unable to afford rising costs, and forced to rely on credit cards just to survive. The Biden-era economy left Americans battered, and even as President Trump pushes for economic recovery, the damage is still evident.

Elon Musk revealed Tuesday that his team at the Department of Government Efficiency uncovered people supposedly 150 years old still collecting Social Security. Standing alongside President Donald Trump in the Oval Office, Musk said his team was finding some “crazy things” as they comb through Uncle Sam’s bloated and wasteful financial records.

“Just a cursory examination of Social Security and we’ve got people in there that are about 150 years old,” Musk told reporters. “Now, do you know anyone that’s 150? I don’t. They should be in the Guinness Book of World Records, they’re missing out.”

Musk made it clear that either these people should be “very famous” or, more realistically, they’ve been dead for decades while still collecting taxpayer-funded checks. The Guinness Book of World Records lists Jeanne Calment, who lived to 122, as the oldest verified person in modern history. That makes it rather unlikely that a Neo-Methuselah is currently enjoying Social Security benefits somewhere in Kansas or Tennessee.

The far more probable explanation? Old-fashioned fraud. Between 2018 and 2022, the federal government lost between $233 billion and $521 billion every single year to waste, fraud, and abuse, according to the Government Accountability Office. The Social Security Administration has long been plagued by mismanagement, but for decades, no one in Washington had the backbone to take a serious look at where the money was going. Now, with Trump’s second administration and Musk’s efficiency task force, that era of unaccountability is coming to an end.

Despite how much the media despises the DOGE effort, Musk doubled down on his commitment to cut reckless government spending. “If money is spent badly, if your taxpayer dollars are not spent in a sensible and frugal manner, then that’s not okay,” he said. “Your tax dollars need to be spent wisely on the things that matter to the people.” Musk made it clear that rooting out fraud and stopping government waste isn’t radical or extreme—it’s just basic common sense.

Unfortunately, common sense is in short supply among the media elites and Washington bureaucrats who have grown fat off taxpayers’ hard-earned dollars. But the American people overwhelmingly support efforts to clean up Social Security, stop sending checks to dead people, and ensure that every dollar spent actually serves the public interest. With Trump and Musk leading the charge, the bureaucratic gravy train is finally coming to a screeching halt.

For many Gen Zers, the American Dream is slipping further away. The rising cost of living, skyrocketing home prices, and crushing student debt have forced millions of young people to rethink their future.

Owning a home? Out of reach for many.
Starting a family? Too expensive.
Financial independence? A distant goal.

According to Jennifer Rubin, a senior researcher at Foundry10, Gen Z is deeply concerned about achieving the lives they envisioned, with economic instability making traditional milestones feel more impossible than ever.

Gen Z’s Growing Debt Crisis

The numbers are grim.

• Gen Z carries 30% more credit card debt than Millennials did at their age, even after adjusting for inflation.
• They are most likely to max out credit cards and miss payments, according to data from the New York Fed.
• Student loans are crushing financial progress, forcing 79% of borrowers to delay saving for retirement and 52% to abandon homeownership dreams, according to a survey from Laurel Road and Luminary.

Alyssa Schaefer, general manager at Laurel Road, says student loan uncertainty is “having long-term implications on young people’s financial milestones.”

Locked Out of Homeownership

The dream of owning a home is becoming a fantasy for many young Americans.

• Homeownership rates for young adults have dropped from 44% in 2004 to 37% today, according to Census data.
• The number of 25- to 34-year-olds still living at home has climbed from 11% in the early 2000s to 16% in 2023.
• Mortgage rates are at two-decade highs, making affordability even worse.

Enrique Martínez García, an economist at the Dallas Fed, warns that delayed homeownership and family formation will have profound consequences on economic growth and wealth-building for an entire generation.

Young Americans Are Delaying Families

Even starting a family is financially out of reach for many Gen Zers.

• A 2023 Pew Research survey found that among childless adults under 50, 36% said they couldn’t afford to have kids.
• The cost of daycare, healthcare, and basic living expenses has left many young people uncertain about their financial future.

Roberta Katz, co-author of “Gen Z Explained,” says young people “worry whether they will be able to earn enough to have families” in the future.

Social Media & Easy Spending Are Making It Worse

It’s not just student debt and inflation—social media and digital payments are fueling reckless spending.

• Apps like Instagram and TikTok act as virtual shopping malls, pushing impulse spending.
• Buy now, pay later services like Afterpay make it easier than ever to rack up debt without realizing it.
• Financial expert Keisha Blair warns that Gen Z’s spending habits could wreck their credit scores, preventing them from securing a mortgage or car loan.

Can Gen Z Turn It Around?

Despite these setbacks, financial experts say young Americans still have options.

Rod Griffin, Experian’s senior director of consumer education, recommends:

• Creating a realistic budget and sticking to it
• Cutting unnecessary expenses, like subscription services
• Avoiding impulse purchases
• Seeking professional financial advice

Meanwhile, Elizabeth Husserl, author of “The Power of Enough,” encourages Gen Z to redefine wealth on their own terms.

• Buying homes with friends to split costs
• Pursuing side hustles instead of relying on corporate careers
• Choosing alternative education to avoid massive student debt

Gen Z may be struggling in ways previous generations didn’t, but with smart money management and creative solutions, they still have the chance to rewrite their financial future.

The Federal Reserve’s massive pile of unrealized losses isn’t shrinking, and with inflation back in the spotlight, investors are questioning whether any rate cuts are necessary at all.

That leaves Fed Chair Jerome Powell in an awkward position: trillions of dollars in low-yield bonds are sitting on the Fed’s books, losing value as interest rates remain high. But now, with a Republican-controlled Congress and a newly aggressive Trump administration, the Fed’s ballooning losses are about to become political ammunition in Washington’s latest battle over government waste.

Sen. Katie Britt Confronts Powell on Fed’s Hidden Losses

During congressional testimony this week, Sen. Katie Britt (R-AL) grilled Powell on the $818 billion in unrealized losses from the Fed’s massive balance sheet of Treasurys and mortgage-backed securities.

Britt also questioned why, despite operating at a record-breaking loss, the Fed continued sending money to the Consumer Financial Protection Bureau (CFPB)—a controversial, Democrat-controlled agency funded directly by the Fed, rather than through congressional appropriations.

With President Trump’s administration now aggressively cutting bloated government agencies, the CFPB has already seen its funding requests denied, and its future remains uncertain. Britt, a longtime critic of the agency, co-authored legislation in 2023 to halt these payments altogether.

Trump’s New Government Efficiency Team Eyes Fed’s Financial Mess

With the Trump administration now focused on cutting waste, the newly created Department of Government Efficiency (DOGE), led by billionaire Elon Musk, is already targeting the Fed’s out-of-control balance sheet.

While Powell insists the Fed remains independent, that won’t stop congressional Republicans from demanding answers about how the central bank mismanaged its finances, or why it kept fueling inflation by printing trillions after the pandemic.

Fed’s Unrealized Losses Could Become a Political Crisis

The Federal Reserve isn’t at risk of insolvency, but its ongoing paper losses, coupled with rising interest expenses, are becoming a major liability.

• The Fed’s balance sheet ballooned to nearly $9 trillion by 2022, filled with low-coupon, long-term bonds—the same types of assets that helped trigger the Silicon Valley Bank collapse in 2023.
• With higher interest rates, the market value of those bonds has plummeted, leaving the Fed with unrealized losses estimated between $800 billion and $1 trillion.
• Unlike private banks, the Fed isn’t required to recognize these losses, as it can hold the bonds until maturity. But that doesn’t change the fact that its financial health is deteriorating.

Meanwhile, the Fed’s negative cash flow continues to spiral. The central bank has already stopped sending surplus funds to the Treasury, and its $210 billion in operating losses are mounting with no end in sight.

The Bottom Line: The Fed’s Days of Free-Spending Are Over

For years, the Federal Reserve has been treated as a sacred cow, free to manipulate markets, print trillions, and prop up reckless government spending with little oversight. But under Trump’s second term and a Republican-controlled Congress, those days are coming to an end.

The Fed’s financial mess won’t disappear overnight, but with Republicans holding Powell’s feet to the fire, and Elon Musk’s DOGE team exposing inefficiencies, expect a new era of accountability for America’s central bank.

The Washington establishment may not like it, but the American people deserve the truth.

Warren Buffett has been offloading stocks at an unprecedented rate, with Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) now sitting on a massive $325 billion cash reserve—the largest in the company’s history. While this signals that Buffett isn’t finding many bargains in today’s market, there’s one stock he keeps buying: SiriusXM (NASDAQ: SIRI).

Berkshire now owns a staggering 35.4% stake in the satellite radio giant, a move that has left many investors wondering: What does Buffett see in SiriusXM?

SiriusXM’s Stock Has Tanked—For Good Reason?

SiriusXM has lost nearly 50% of its value over the past year, and on the surface, the decline makes sense.

• Revenue has been flat for four years and is expected to decline in 2025.
• Subscriber count is down 5% from its 2019 peak, raising concerns that SiriusXM’s best days are behind it.

But for those willing to dig deeper, SiriusXM has some hidden strengths that could make it a major comeback story.

Why SiriusXM Could Be a Big Winner

While traditional media companies are struggling, SiriusXM holds a virtual monopoly on satellite radio—especially in new vehicles, which is a critical entry point for new subscribers.

With interest rates expected to fall, the auto market could surge, providing SiriusXM with millions of new potential customers. To capitalize on this, the company has launched a three-year dealer-paid subscription model, which is gaining traction.

And let’s not forget advertising. SiriusXM is making big moves in podcasting and ad-supported streaming, positioning itself for long-term revenue growth.

The company’s growth plan aims to add 10 million new subscribers and increase free cash flow from $1.15 billion (2025 estimate) to $1.5 billion in 2027.

SiriusXM: An Undervalued Market Leader

SiriusXM is cheap—very cheap.

• Trades at just 8.5x forward earnings, far lower than most media peers.
• Management expects $200 million in cost savings in 2025, on top of $350 million in cuts already made.
• Generous capital return program, with a 4.1% dividend yield and aggressive stock buybacks ($1.166 billion authorization).

This is a highly profitable company that, if it executes on its growth strategy, could be one of the best bargains in the market today.

Final Take: Buffett’s Bet on SiriusXM Makes Sense

Whether Buffett himself or his portfolio managers (Todd Combs and Ted Weschler) are behind the SiriusXM purchases, the logic is clear:

• It’s a market leader in a niche space with high barriers to entry.
• It’s massively undervalued relative to its long-term cash flow potential.
• It offers significant upside if management executes correctly.

While execution risk remains, SiriusXM’s ability to cut costs, attract new subscribers, and expand ad revenue could make it a big winner in the coming years.

Buffett isn’t one to bet on losers—and SiriusXM just might be one of the smartest risk-reward investments in Berkshire’s portfolio today.

Joann Inc., the parent company of Joann Fabrics, is moving forward with plans to close hundreds of underperforming stores nationwide as part of its Chapter 11 bankruptcy restructuring. The retailer, which has been a staple in the crafting industry for over 80 years, cited financial difficulties and ongoing sale negotiations as reasons for the widespread closures.

According to court filings, Joann Inc. has identified hundreds of stores across more than 40 states that will shut down, with states like California, Florida, Illinois, and Michigan being hit hardest. These locations, deemed unprofitable and unlikely to attract buyers, will be liquidated as the company seeks to stabilize its operations.

Mass Store Closures and Policy Changes Coming Soon

As part of the restructuring, Joann Inc. has partnered with Gordon Brothers Retail Partners LLC to oversee liquidation sales. If approved by the court, the sales will begin shortly after a scheduled hearing on February 14 and continue in phases.

Additionally, Joann Inc. plans to modify customer policies, including:

• Ending gift card redemptions
• Eliminating refunds within 14 days of court approval

These adjustments are part of cost-cutting measures aimed at maximizing value for creditors and keeping the remaining stores operational.

Joann Fabrics’ Declining Sales and Mounting Debt

The bankruptcy filing follows years of financial struggles for Joann Inc., which had already filed for Chapter 11 in early 2024. The company blamed a steep drop in consumer spending following the pandemic-era retail boom for its nearly 20% revenue decline between 2021 and 2023.

Interim CEO Michael Prendergast pointed to unexpected inventory issues and an overall sluggish retail market as key factors that forced the company back into an unsustainable debt position.

More Closures on the Horizon?

Joann Inc. has requested court approval to close additional stores beyond the current list, depending on how the restructuring and potential sale negotiations unfold. The company, which currently operates over 800 stores across 49 states, may be forced to shrink even further if it cannot secure new investment or buyers.

While Joann Fabrics had initially promised to keep stores open during bankruptcy proceedings, the latest filing signals a more aggressive approach to downsizing.

The Bigger Picture: Another Retail Giant Falls

Joann’s bankruptcy is part of a larger retail collapse, as brick-and-mortar chains struggle to compete with online giants like Amazon. From Bed Bath & Beyond to Rite Aid, legacy retailers are buckling under pressure from shifting consumer habits and rising operational costs.

If Joann Inc. can’t turn things around, America’s most recognizable fabric and craft store may disappear entirely in the coming years.

Billionaire Elon Musk, leading President Trump’s Department of Government Efficiency (DOGE), is pulling back the curtain on rampant fraud in federal entitlement programs. Musk claims that Social Security, Medicare, Medicaid, Welfare, and Disability programs are hemorrhaging billions of dollars annually due to fraudulent claims.

At this point, I am 100% certain that the magnitude of the fraud in federal entitlements (Social Security, Medicare, Medicaid, Welfare, Disability, etc) exceeds the combined sum of every private scam you’ve ever heard by FAR.

It’s not even close.

— Elon Musk (@elonmusk) February 11, 2025

“At this point, I am 100% certain that the magnitude of the fraud in federal entitlements… exceeds the combined sum of every private scam you’ve ever heard by FAR. It’s not even close,” Musk wrote on X.

He further revealed that over $100 billion per year is being paid to individuals with no Social Security Number or even a temporary ID. Treasury officials reportedly estimate at least half of that is outright fraud, amounting to $50 billion per year or $1 billion per week in stolen taxpayer dollars.

Democrats and Bureaucrats Scramble to Protect the Swamp

Despite these shocking revelations, Democrats and government bureaucrats are more concerned about stopping Musk than stopping the fraud. Former SSA Commissioner Martin O’Malley falsely claimed Musk is trying to “steal personal data” and turn Social Security into a “Bitcoin bank.”

Max Richtman, president of the National Committee to Preserve Social Security and Medicare, took it even further, saying: “Seniors, their families, and people with disabilities most certainly cannot trust Trump and Musk with their crucial federal benefits.”

Translation? Democrats would rather protect a broken, fraudulent system than clean up Washington’s waste.

New York Judge Blocks Musk from Exposing the Truth

The Deep State wasted no time in fighting back. New York Judge Paul A. Engelmayer issued a preliminary injunction barring DOGE from accessing Treasury Department records, a move Musk called “absolutely insane.”

But let’s be real: Why would anyone oppose verifying Social Security numbers and ensuring taxpayer dollars aren’t being stolen? If fraud wasn’t a massive issue, Democrats wouldn’t be melting down over Musk trying to fix it.

The Bottom Line: The Swamp is Terrified of Transparency

Musk’s investigation into federal entitlement fraud is just the beginning, and Democrats are in full panic mode. If the Biden-era bureaucrats running these programs had nothing to hide, they wouldn’t be rushing to block audits and oversight.

Trump’s government efficiency team is exposing the waste, the fraud, and the lies—and Washington’s elite don’t want the American people to see the truth.