New Hampshire Republican Governor Chris Sununu is bullish on a billionaire-led effort to cut social safety nets for working-class Americans -- including the political third rail of Social Security.

Semafor reporter David Weigel recently interviewed Sununu, who is retiring after his successor, Republican Governor-elect Kelly Ayotte, assumes office on January 8. The Granite State governor expressed optimism about billionaire Tesla and SpaceX CEO Elon Musk's "Department of Government Efficiency," or "DOGE," (which is not yet an actual federal agency authorized by Congress) which he is co-leading with billionaire pharmaceutical investor Vivek Ramaswamy.

While Musk and Ramaswamy's advisory panel is expected to recommend the elimination of various labor and environmental regulations and the firing of thousands of public sector workers, Sununu is particularly hoping they will pursue cuts to both Medicare and Social Security. Sununu compared Musk and Ramaswamy's efforts to former President George W. Bush's failed proposal to privatize Social Security in 2005.