Scott Bessent makes 'striking' claim about Trump's plan for Social Security: report
Treasury Secretary Scott Bessent added a new wrinkle to the debate over what to do about the future of Social Security, since experts have warned the social safety net will be depleted by 2033.
At a forum hosted by Breitbart News on Wednesday, Bessent claimed that the tax-deferred children's investment accounts, called Trump Accounts in the Big Beautiful Bill, “is a back door for privatizing Social Security."
The plan's architect, Sen. Ted Cruz (R-TX), claimed that giving $1,000 seed money from the Treasury to “every child born in America" will "help them begin the journey of savings and benefit from the wonders of compound interest."...
Jul 30, 2025