The post 2008 financial shock, by necessity, required governments create massive piles of cash to sustain the economy, especially if they were not going to bail out holders of home mortgages. Turning cash over to finance kept the economy humming,

Elon Musk, the billionaire advising President Donald Trump how to cut federal spending, is taking aim at the Social Security Administration and giving the impression millions of implausibly old people may be getting benefits payments.

President Donald Trump incorrectly interpreted data shared by Elon Musk when he misleadingly claimed on Feb. 18 that “millions and millions of people over 100 years old” may be receiving improper benefits from Social Security.

Elon Musk called things like Social Security and Medicare “entitlements.” Do you know who gets Social Security and Medicare? People who are retired, disabled, and those who are 65 or older. Musk was speaking at CPAC when he spoke about the 500 billion dollars a year spend on these two programs.