
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk’s Department of Government Efficiency (DOGE) at the agency could result in the “collapse” of the Social Security system “within the next 30 to 90 days.”
Malley, a Democrat who also served as Maryland governor from 2007-15, told CNBC the recent DOGE initiatives may jeopardize monthly benefit payments for over 72.5 million Americans.
He warned the current administration’s attempts to reduce the workforce will lead to the departure of vital staff and threaten the agency’s fundamental operations.
“Ultimately, you’re going to see the system collapse and an interruption of benefits,” he said. “I believe you will see that within the next 30 to 90 days.”
Warning of these interruptions, Malley said, “people should start saving now.”
Malley held the position of Social Security commissioner from December 2023 to November 2024 under the Biden administration.
More than 73 million individuals, including 56 million elderly people, depend on the agency for their monthly benefit payments. Delayed or missed payments could create difficulties for recipients.