The Progressive


A project of Common Dreams

For Immediate Release
Contact: Linda Benesch,,

Top Republican Social Security Expert: Trump's Defunding of Social Security Opens the Door to Privatization

The following is a statement from


The following is a statement from Nancy Altman, President of Social Security Works, on Donald Trump yet again pledging to slash the payroll tax, Social Security's dedicated funding, if he wins a second term:

"Over and over again, Donald Trump has said he intends to terminate Social Security's dedicated funding if he is reelected.

Now, Andrew Biggs, a Republican insider and key architect of President George W. Bush's failed attempt to privatize Social Security, has pulled back the curtain on what Trump's apparent end game is--resurrect Bush's privatization scheme.

In an op-ed published today in MarketWatch, Biggs wrote that 'Trump's controversial proposal...opens the door' to drastically slash Social Security and transform it into a subsistence level flat benefit, while 'signing up every worker for a retirement savings account with automatic contributions. Those contributions could be funded using the payroll taxes that no longer would be needed to fund Social Security.'

That is essentially the Bush privatization plan. Biggs is careful to assert, 'this is my plan, not President Trump's.' But is it just coincidence that Trump called for privatizing Social Security before running for president?

For those who support Social Security, the choice is clear. A vote for the Democrats in November is a vote to expand Social Security. A vote for Trump is a vote to end Social Security as it has existed for 85 years."

Social Security Works' mission is to: Protect and improve the economic security of disadvantaged and at-risk populations; Safeguard the economic security of those dependent, now or in the future, on Social Security; and Maintain Social Security as a vehicle of social justice.