Former Social Security Commissioner Martin O’Malley, who headed the agency during the Biden administration, urged people to start saving money now because benefits could be interrupted in the next one to three months. He told CNBC that changes DOGE is making to the agency have already caused IT system outages, which he predicted will become more frequent until there is a “system collapse.”
The federal government has never failed to deliver Social Security payments on time, but a former commissioner warned that could happen soon as Elon Musk’s Department of Government Efficiency makes changes and cuts staff.
Martin O’Malley, who led the agency during the Biden administration, told CNBC on Saturday that cuts have already led to IT outages, which he predicted will become more frequent and last longer each time until there’s a total failure.
never underestimate the sunk cost fallacy, especially when it comes to any “public” embarrassment