Social Security Privatization: The Ultimate Prize

“In a way, it is a backdoor for privatizing Social Security.”

— Treasury Secretary Scott Bessent, July 2025

Bessent’s admission came during a policy panel on the Trump administration’s new “savings accounts for children.” Stripped of euphemism, this is about privatizing Social Security—the bedrock retirement program serving nearly 70 million Americans. The implications are staggering.

Bessent’s admission came during a policy panel on the Trump administration’s new “savings accounts for children.” Stripped of euphemism, this is about privatizing Social Security—the bedrock retirement program serving nearly 70 million Americans. The implications are staggering.

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Public Service Isn’t a Business

Governing for 350 Million Is Not About Increasing Income for a Few May 30, 2025 Public services and private businesses exist for fundamentally different reasons. Businesses are designed to generate profit for their owners or shareholders. In contrast, public services exist to meet collective needs—like education, health, safety, and infrastructure—that cannot be addressed adequately by … Read more