The Internet Is Having An Absolute Field Day Over Donald Trump/Elon Musk's Breakup, And Here Are The 35 Funniest Tweets About It
Today is a HUGE day online.
June 5 will go down as the date of one of the biggest breakups in history.
Naturally, there are some A+ tweets about this whole thing, and here are my faves:
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Related: Uhhh, People Zoomed Into This Picture Of Donald Trump And Found A Scary Surprise
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Related: This Senator's Clap Back Fully Gagged An MSNBC Anchor, And The Clip Is Going Viral
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USA Today
16 minutes ago
- USA Today
4 Social Security changes Washington could make to prevent benefit cuts
4 Social Security changes Washington could make to prevent benefit cuts Show Caption Hide Caption Biden criticizes Trump administration's handling of Social Security Social Security overhaul sparks criticism from Biden over service disruptions, layoffs and automation as Trump defends changes as efficiency. Straight Arrow News Social Security is an important source of income for millions of Americans, but the program has a serious financial problem. Costs have increased faster than revenues in recent years because the aging population is growing more quickly than the working population. As a result, the trust fund, the financial account that pays benefits, is on track to be depleted within a decade. Specifically, the Congressional Budget Office estimates the trust fund will be exhausted in 2034. That would eliminate one source of revenue (i.e., interest earned on trust fund reserves), and the remaining tax revenues would only cover 77% of scheduled payments. That means a 23% benefit cut would be necessary in 2035. Fortunately, the lawmakers in Washington have several years to find a better solution. Here are four Social Security changes that could prevent deep, across-the-board benefit cuts. 1. Apply the Social Security payroll tax to income above $400,000 Social Security is primarily funded by a dedicated payroll tax, which takes 6.2% of wages from workers and employers. But some income is exempt from the payroll tax. Specifically, the maximum taxable earnings limit is $176,100 in 2025. Income above that threshold is not taxed by Social Security. Importantly, the Social Security program is projected to run a $23 trillion deficit over the next 75 years as it's strained by shifting demographics. But the deficit could be slashed by applying the payroll tax to more income. For instance, including income above $400,000 would eliminate 60% of the 75-year funding shortfall, says the University of Maryland. 2. Gradually increase the Social Security payroll tax rate to 6.5% over six years Under current law, the Social Security payroll tax rate is 6.2% for workers and their employers. But gradually raising that figure would eliminate a portion of the long-term deficit. For example, increasing thetax rate by 0.05% annually over a six-year period would eliminate 15% of the 75-year funding shortfall, according to the University of Maryland. Now that I've discussed two possible changes, let's step back and look at the big picture. There are basically three ways to resolve Social Security's financial problems: (1) increase revenue, (2) reduce costs or (3) some combination of the first two options. The changes discussed so far would increase revenue, but the next two changes would cut benefits. However, they are more subtle cuts than the 23% across-the-board reduction that would follow trust fund depletion. 3. Gradually increase full retirement age to 68 by 2033 Workers are eligible for retirement benefits at age 62, but they are not entitled to their full benefit — also called the primary insurance amount (PIA) — until full retirement age (FRA). Anyone that claims before full retirement age receives a smaller payout, meaning they get less than 100% of their PIA. FRA is currently defined as 67 years old for workers born in 1960 or later, but raising the figure would reduce the long-term deficit. For instance, increasing FRA to 68 years old by 2033, meaning it would apply to workers born in 1965 or later, would eliminate 15% of the 75-year funding shortfall, according to the University of Maryland. 4. Reduce benefits for retired workers with income in the top 20% Social Security benefits are determined as percentages of two bend points. Specifically, income from the 35 highest-paid years of work is adjusted for inflation and converted to a monthly figure called the average indexed monthly earnings (AIME) amount. The AIME is then run through a formula that uses two bend points to determine the PIA for each worker. Modifying the second (highest) bend point would eliminate a portion of the long-term deficit by reducing benefits for high earners. For instance, the University of Maryland estimates that reducing benefits for individuals with income in the top 20% could reduce the 75-year funding deficit by 11%. Here's the big picture: The four changes I've discussed would eliminate 101% of Social Security's $23 trillion funding shortfall, which would prevent across-the-board benefit cuts in 2035. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. The $23,760 Social Security bonus most retirees completely overlook Offer from the Motley Fool: If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets"could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. JoinStock Advisorto learn more about these strategies. View the "Social Security secrets" »
Yahoo
42 minutes ago
- Yahoo
The ‘Terrifying' Impact of Trump-Musk Breakup on National Security and Space Programs
This week's rapid, unscheduled disassembly of Elon Musk's bromance with Donald Trump has left officials at America's space and security agencies reeling. One NASA official, wary of the agency's dependence on SpaceX as the space exploration industry's leading recipient of government contracts, said the bitter public feud between the president and the former DOGE chief had at first been 'entertaining' but that later, 'it turned really terrifying,' per the Washington Post. Musk and Trump's falling out was received with similar horror at the Pentagon, the Post's report continued where officials initially thought it was 'funny' watching the pair trade barbs on their respective social media sites before 'there was a realization that we're not watching TV. This is a real issue.' Both NASA and the Department of Defence have reportedlt embarked on a blitz of calls in recent days to SpaceX competitors, urging firms like Sierra Space, Rocket Lab, Stoke Space and Blue Origin, owned by Amazon's billionaire founder Jeff Bezos, to accelerate development of their rocket systems after Trump threatened to cancel Musk's contracts on Thursday night. Contracts held by SpaceX with the U.S. government, worth many billions of dollars, cover a wide variety of services, from launching satellites for the Pentagon and intelligence agencies to flying cargo and people to and from the International Space Station. Officials at NASA were apparently particularly concerned by Musk's threats, which he's since walked back, to discontinue SpaceX's use of its Dragon craft, which would potentially have left the agency without means of transporting astronauts to the orbiting research station. 'When you realize that he's willing to shut everything down just on an impulse, that kind of behavior and the dependence on him is dangerous,' as one member of the agency told the Post. 'I can tell you there is deep concern within NASA.'
Yahoo
42 minutes ago
- Yahoo
Chris Cuomo Predicts Trump Will Sue Elon Musk for Defamation – and ‘I Think He Wins'
Chris Cuomo believes Donald Trump and Elon Musk have not yet begun to fight, predicting that the president will haul out his tried-and-true weapon – a defamation lawsuit – to finish the job. 'People are missing where this could lead,' the NewsNation and former CNN anchor said on 'Cuomo,' noting that he called their infamous flame-out months ago, rolling a clip of himself saying: 'I have a prediction. I do not think Musk and Trump are the way they are today a year from now. … There's only room for one bull in the yard.' That would be Trump, present-day Cuomo said, calling Musk's behavior 'So stupid. So potentially costly.' 'I do not see Trump as the loser,' he continued. 'Not right now. Musk lost access. He lost market share. He lost MAGA love.' Cuomo added that Musk was right to be upset over the lack of cuts in the the 'Big Beautiful Bill,' but has too much personally at stake – like 'cushy contracts with Tesla, SpaceX, and Starlink' – to be openly feuding with the president. But the costliest mistake Musk made, Cuomo said, was his Thursday X post accusing Trump of being named in the Epstein files: 'It wasn't a question. It was an accusation. And it implies Trump is a pedophile — to my ears.' Cuomo noted that Trump hasn't responded, but that's not an admission so much as a potential legal strategy. 'Unless Musk does some serious ass-kissing on the quick, Trump is going to sue him for defamation. And if Trump sues, I think he wins. Now, I don't often like Trump's use of litigation. … I don't like him suing '60 Minutes.' … CBS is just over a barrel because, allegedly, their merger won't be approved until the suit is settled. That's dirty pool.' But a Trump vs. Musk defamation suit 'is different,' Cuomo concluded. 'This is not just Musk the mogul. This is coming from Musk, who was so close to the White House that he had all kinds of clearances and access — with his Doge guys digging through everything. Trump could argue not only is the allegation false, but that Musk knows it's false. He knows what he said is BS. And then he could force a huge settlement or a humongous award.' Watch the entire monologue in the video above. The post Chris Cuomo Predicts Trump Will Sue Elon Musk for Defamation – and 'I Think He Wins' | Video appeared first on TheWrap.
