The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding Treasury Secretary Scott Bessent’s comments on Social Security:
“Today, Treasury Secretary Scott Bessent let the cat out of the bag: this Administration is coming for Social Security.
Speaking at a Breitbart News event, Bessent described the so-called ‘Trump Accounts’ for children as ‘a backdoor to privatizing Social Security.’
We’re not surprised — but we are alarmed because this Administration has already taken multiple steps to weaken and dismantle Social Security:
- They’ve gutted the Social Security Administration, making it harder for seniors and people with disabilities to file claims or even get basic information about their earned benefits.
- President Trump and Elon Musk repeatedly spread false claims about fraud in the program, undermining public confidence and leading record numbers of Americans to claim benefits early.
- The “One Big Ugly Bill” gave away massive tax breaks to the wealthy and corporations — shrinking the Social Security Trust Fund’s solvency by a full year, from 2033 to 2032.
Social Security isn’t a handout. Americans work a lifetime to earn our modest benefits. We will not let this or any Administration cut or privatize Social Security without a fight.”
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Contact: Lisa Cutler, 202/674-2052 or [email protected]
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