Elon Musk, once hailed as a genius innovator and the mind behind Tesla and SpaceX, is now facing a wave of intense criticism after a tech disaster involving Dogecoin (DOGE) — the meme cryptocurrency he’s long promoted — allegedly triggered a cascading failure in the U.S. Social Security system.
DOGE: From Meme to Mayhem
Dogecoin started as a joke, but Musk’s vocal support on platforms like Twitter (now X) turned it into a cult asset. However, the hype has long since faded. DOGE is down more than 90% from its all-time high in 2021. Recently, its price crashed another 7% within hours of Musk engaging with a post mocking bearish investors — a move that some critics argue shows just how much influence he still wields over the coin… and how recklessly he uses it.
DOGE’s Tech Disaster Hits Social Security
Here’s where things get weird — and serious.
Musk currently oversees a controversial government task force called the Department of Government Efficiency (DOGE), aimed at modernizing outdated federal agencies. According to whistleblowers and several lawmakers, this initiative has backfired catastrophically, especially within the Social Security Administration (SSA).
A letter from Rep. Gerald Connolly (D-VA) slammed the DOGE task force for causing “chaos” — including IT staffing cuts, mishandled system migrations, and data privacy breaches. Former SSA Commissioner Martin O’Malley warned that if the disruption continues, Social Security payments could completely collapse within 30 to 90 days, affecting millions of Americans.
“This is not innovation,” O’Malley said. “It’s reckless experimentation with people’s lives.”
Tesla Burns While Musk Tweets
Meanwhile, Tesla is experiencing a steep decline in investor confidence. The company’s stock is down over 40% this year, and analysts blame Musk’s political distractions, erratic leadership, and his obsession with side projects like DOGE and X. Dan Ives of Wedbush Securities even called Tesla’s current state “code red,” warning that Musk is “destroying value by the day.”
Musk: Innovator or Liability?
This latest debacle raises serious questions about Elon Musk’s ability to lead at scale. Once admired for taking risks that pushed boundaries, Musk now appears to be taking those risks at the public’s expense.
Whether it’s crypto market manipulation, degrading social media platforms, or now potentially derailing a core federal agency, Musk seems increasingly cornered by the consequences of his own decisions.
And if Social Security really falters because of DOGE-gone-wrong? That may be a disaster no amount of Mars talk can distract from.
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