The U.S. Senate confirmed President Donald Trump’s pick to lead the Social Security Administration (SSA) on Tuesday in a party-line vote.

Frank Bisignano, a Wall Street Veteran who is the CEO of Fiserv, a financial and technology payments company, was confirmed 53-47. In the midst of the drastic downsizing by the Department of Government Efficiency, many have been concerned Bisignano would push to privatize the agency following Elon Musk’s description of it being a Ponzi scheme.

In a February appearance on the Joe Rogan Experience, Musk said “Social Security is the biggest Ponzi scheme of all time,” in reference to the system first popularized by the 1920’s swindler Charles Ponzi, who needed a constant stream of new investors to pay off unsustainable profits to the original investors.

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