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Elon Musk: “The future obligations [of retirement payments] will be much…”

Featuring: Elon Musk, Senior Advisor to the President, Head of Department of Government Efficiency | National

Joe Rogan Experience #2281 - Elon Musk part 1

Published February 28, 2025 | Video Starts at 1:02:29

So you have more people who are retired and live for a long time and get retirement payments. So the future obligations. So however bad the financial situation is right now for The future obligations [of retirement payments] will be much worse in the future. At the risk of being a buzzkill here. Did you see? So we better fix what we've got right now, because if it's bad now, it's going to be much worse in the future. (1:02:29–1:03:25)

CLAIM

Asserts that future financial obligations for retirement payments will worsen.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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“Our elected officials have very little power relative to the bureaucracy.”
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“We're paying over a trillion dollars of interest on the national debt.”
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“The federal government is literally losing $2 trillion a year and it does not pass its audits.”
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“We found just with a basic search of the Social Security database that there were 20 million dead people marked as alive.”
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“Some of them [dead people marked as alive] were getting money.”
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“The various government databases, they don't talk to each other or they talk to each other very poorly.”
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“The main payments computer [at the Treasury] is called pam, like Payment Accounts Master Database.”
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“Pam [the Treasury's main payments computer] is responsible for almost $5 trillion payments a year, roughly a billion dollars an hour.”
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“Our recommendation to the treasury and the Federal Reserve is like, we need to make the payment categorization codes mandatory.”
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“My guess is that [making payment categorization codes mandatory] probably saves 100 billion a year.”
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“It's a target rich environment for saving money.”
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“The ap, they ran an international news story saying that Doge fired air traffic controllers, but we didn't fire any air traffic controllers…”
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“In fact, we're trying to hire air traffic controllers, not fire them.”
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“A lot of really qualified air traffic controllers were pushed out because of DEI stuff.”
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“There's a talent shortage in air traffic control because of DEI and not hiring people on merit.”
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“I think we should not put the public safety at risk because of some demented philosophy.”
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“Where is the evidence? I mean, the guy has, like, tons of videos and recordings.”
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