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It's going to happen, but not in as direct a fashion as a budget cut. They will remove it from the Federal budget entirely, by privatizing it. They will sell the privatization as a benefit to the average retiree, by billing it as "removing bloated bureaucracy". They will form a company with all of Trump's broligarchs as owners, and all payments will go through X. This company will magically win the contract to provide this service, without any competitive bid.
None of their promises will be fulfilled, and benefits will be enshittified, just like everything else these people touch. Eventually, the company will go belly-up, but not until after losing all of ~~its~~ our assets in a convenient crypto heist. All the founders will then live suspiciously lavish lifestyles off of their crypto stashes. Eggheads will discover that the owners took the crypto themselves, but President Trump will dismiss that as "fake news" and issue pre-emptive pardons to prevent "Woke FBI agents" from investigating them.
I'd really like to know what these fucking morons plan to do when they tank the USD.
Most of their net worth is in assets, not dollars.
Guess what they do hold in dollars? Debt.
And what happens to debt when the dollar tanks?