{"id":1055397,"date":"2025-07-30T14:01:36","date_gmt":"2025-07-30T18:01:36","guid":{"rendered":"https:\/\/democrats.org\/?p=1055397"},"modified":"2025-07-30T14:01:36","modified_gmt":"2025-07-30T18:01:36","slug":"breaking-bessent-admits-trump-hid-a-backdoor-to-privatizing-social-security-in-billionaire-budget-bill","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/breaking-bessent-admits-trump-hid-a-backdoor-to-privatizing-social-security-in-billionaire-budget-bill\/","title":{"rendered":"BREAKING: Bessent Admits Trump Hid a \u201cBackdoor\u201d To Privatizing Social Security in Billionaire Budget Bill"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

We already know that Trump\u2019s billionaire-first budget is the largest cut to health care in history \u2014  all to give massive tax handouts to the ultrarich \u2014 and now, his administration is admitting that the \u201cTrump Accounts\u201d included in the bill will be how they go after Social Security. <\/p>\n\n\n\n

In response to Scott Bessent admitting the Trump administration\u2019s plan to gut Social Security, <\/em>DNC Senior Advisor for Messaging, Mobilization, and Strategy Tim Hogan released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump\u2019s Treasury Secretary Scott Bessent just said the quiet part out loud: The administration is scheming to privatize Social Security. It wasn\u2019t enough to kick millions of people off their health care and take food away from hungry kids. Trump is now coming after American seniors with a \u2018backdoor\u2019 scam to take away the benefits they earned.  Democrats won\u2019t stand by as Trump screws over working families in order to give more handouts to billionaires.\u201d<\/p>\n\n\n\n

NEW: Donald Trump\u2019s Treasury Secretary Scott Bessent said the Trump Accounts are a \u201cbackdoor for privatizing Social Security.\u201d<\/strong><\/p>\n\n\n\n

Scott Bessent<\/a>: \u201cAt the end of the day, I am not sure when the distribution level date should be, whether it should be 30 and you can buy a house. Should it be 60? But in a way, it is a backdoor for privatizing Social Security.\u201d<\/strong><\/p>\n\n\n\n

REMINDER: After promising Social Security <\/strong>\u201cwon\u2019t be touched,\u201d<\/strong><\/a> Trump has moved to gut the Social Security Administration, threatening hard-earned benefits for millions of Americans amid a 50-year low on staffing and throwing the agency into chaos.<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cSocial Security Administration leadership is under instruction to swiftly produce plans to cut its staff by half, <\/strong>according to two employees at the agency who spoke on the condition of anonymity for fear of retaliation.\u201d<\/p>\n\n\n\n

Axios<\/a>: \u201cAn internal memo from the Social Security Administration proposes changes to its phone service that could derail the benefits application process for many Americans. \u2026<\/strong><\/p>\n\n\n\n

\u201cThe draft of the memo viewed by Axios says the proposed limitations will be \u2018significant\u2019 for those living in rural areas in particular.\u201d <\/strong><\/p>\n\n\n\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

We already know that Trump\u2019s billionaire-first budget is the largest cut to health care in history \u2014  all to give massive tax handouts to the ultrarich \u2014 and now, his administration is admitting that the \u201cTrump Accounts\u201d included in the bill will be how they go after Social Security.  In response to Scott Bessent admitting […]<\/p>\n","protected":false},"author":293,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1055397","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nBREAKING: Bessent Admits Trump Hid a \u201cBackdoor\u201d To Privatizing Social Security in Billionaire Budget Bill - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/breaking-bessent-admits-trump-hid-a-backdoor-to-privatizing-social-security-in-billionaire-budget-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-30T18:01:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1101\" \/>\n\t<meta property=\"og:image:height\" content=\"483\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/breaking-bessent-admits-trump-hid-a-backdoor-to-privatizing-social-security-in-billionaire-budget-bill\/\",\"url\":\"https:\/\/democrats.org\/news\/breaking-bessent-admits-trump-hid-a-backdoor-to-privatizing-social-security-in-billionaire-budget-bill\/\",\"name\":\"BREAKING: Bessent Admits Trump Hid a \u201cBackdoor\u201d To Privatizing Social Security in Billionaire Budget Bill - 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