Did you see? Donald Trump’s campaign promise to protect Social Security has been abandoned, just like so many of his other promises.
First, he gave Elon Musk the power to gut the Social Security Administration.
Now, Trump’s Treasury Secretary has said the quiet part out loud. He is bragging about the Administration’s goal to privatize Social Security.
We need to push back on this dangerous proposal HARD and FAST. Can you rush a donation to fuel the fight?
Trump himself once openly supported Social Security privatization—in a book he wrote in 2000, long before running for President. After George W. Bush’s privatization scheme failed, Trump learned the political lesson and stopped talking about it. But Bessent’s remarks reveal that Trump and his Republican allies still have the same goal they did back then: Turn Social Security over to Wall Street.
First, they are undermining public confidence in Social Security by making false claims about fraud (which is virtually non-existent) and wrecking the system’s service to the public. Then, once they have broken Social Security, they will say that Wall Street needs to come in and save it.
That is a terrible idea. Unlike private savings, Social Security is a guaranteed earned benefit that you can’t outlive. It has stood strong through wars, recessions, and pandemics.
Donate today to send a message to Trump and Bessent: Keep Wall Street’s hands off our Social Security!
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Thanks,
Alex Lawson
Social Security Works
P.S. Michael’s email from yesterday has the video of Secretary Bessent’s unbelievable remarks. Check it out, then chip in!
-- MICHAEL'S EMAIL --
John,
Donald Trump’s Treasury Secretary, Scott Bessent, just made a shocking admission on stage at a Breitbart convening. Describing a new savings vehicle created by the Medicaid-destroying Big Ugly Bill, he boasted:
In a way, it is a backdoor for privatizing Social Security.
He really said that. And he was EXCITED.
Don’t believe us? Watch the video for yourself, then chip in $5 to STOP Trump’s Social Security privatization scheme!
Trump’s Big Ugly Bill is already part and parcel of his war on seniors. He’s slashing $1 trillion from Medicaid, the largest provider of long-term care in the country. His bill triggers an automatic $500 billion cut to Medicare. And he let Elon Musk push out 7,000 employees who make sure Social Security checks go out on time, while allowing Musk’s DOGE kids to root around in our private data.
Generations of Americans built our Social Security system over the last 90 years to be the one reliable part of our retirement system. Personal savings can run out. The stock market can crash. Ask anyone with a 401k retiring in 2008 how they would have felt if George W. Bush’s privatization plan went through. Social Security is the bedrock of our retirement system. The only problem is that its benefits are too low because the wealthy are hoarding the money.
We will NOT stand by and let them privatize our Social Security system. Social Security Works is fighting back. Can you chip in $5 to rally the opposition?
Thank you,
Michael Phelan
Social Security Works
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Who We Are
Social Security Works leads the fight every day to expand and protect our Social Security system. Become a member today.
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The Truth About Social Security
From SSW's President, Nancy Altman, this book uses the words of the people who built our Social Security system to debunk myths and reveal the truth about the most popular and successful government program in our nation's history Order your copy today!
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Contact [email protected]
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