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Treasury Secretary Admits Plan to Create Savings Accounts for Newborns Is Actually a Backdoor to Privatize Social Security


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July 31, 2025

Treasury Secretary Scott Bessent has admitted a new Trump plan to create
savings accounts for newborns is actually a backdoor way to privatize
Social Security. Bessent made the comment on Wednesday during a forum
organized by the right-wing news outlet Breitbart.

Treasury Secretary Scott Bessent: "I'm not sure when the distribution
level date should be, whether - should it be 30, and you can buy a
house? Should it be 60? But in a way, it is a backdoor for privatizing
Social Security."

Democratic Senator Jeanne Shaheen of New Hampshire responded by saying,
"They're already ripping health care away from millions on Medicaid, and
now they've made it clear that your Social Security is next."

#democracy-now #social-security #scott-bessent #trump #breitbart #jeanne-shaheen



in reply to 🌴 Seph πŸ’­ πŸ‘Ύ

far as I can tell the huff post doesn't link to alist showing how each senator vote

here you go, alzy huff post sleazoidsL

senate.gov/legislative/LIS/rol…
senate.gov/legislative/LIS/rol…

among hte "liberal" dems who voted the wrong way are Wyden of OR (!) and that sleazoid C Booker of NJ

y'all ready to admit you got snookered by his stupid all night filibuster stunt ?
huh ?

also "dozens" is stretching it a bit it was 24 in one vote and 27 in the other

in reply to OddOpinions5

also, the two CA senators, including Schiff, also voted the wrong way so maybe people will remove their blinders on Schiff
in reply to 🌴 Seph πŸ’­ πŸ‘Ύ

β€œprovision of U.S. law, Section 620i of the Foreign Assistance Act, bars American arms sales to countries interfering with American humanitarian aid efforts” This should’ve been convincing enough.

Surprised Senator Rand Paul didn’t support it, since his father Ron Paul was against Iraq invasion.

There are more creative ways to make peace.

This entry was edited (14 hours ago)


in reply to 🌴 Seph πŸ’­ πŸ‘Ύ

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in reply to 🌴 Seph πŸ’­ πŸ‘Ύ

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in reply to 🌴 Seph πŸ’­ πŸ‘Ύ

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