Author: Lisa Baudot, Associate Professor of Accounting and Management Control, HEC Paris Business School

During his spell as a US special government employee earlier this year, billionaire Elon Musk said the following: “The waste and fraud in entitlement spending […] Most of the federal spending, is entitlements, so that’s the big one to eliminate.” In doing so, entitlement programs, such as Social Security and government-sponsored healthcare, became swept up […]