Treasury Secretary Warns Trump Accounts Could Privatize Social Security
TL;DR Summary
Treasury Secretary Scott Bessent described the new Trump accounts as a 'backdoor' way to privatize Social Security, sparking political criticism from Democrats who fear it could undermine the traditional social safety net and benefit Wall Street.
- Treasury secretary calls new Trump accounts ‘a backdoor’ way to privatize Social Security CNN
- Bessent calls Trump baby accounts 'backdoor for privatizing Social Security' Reuters
- Newborn savings accounts a ‘back door for privatizing Social Security,’ Bessent says The Washington Post
- Trump accounts are a 'backdoor for privatizing Social Security,' Treasury secretary says USA Today
- Bessent hails new ‘Trump accounts’ as ‘backdoor for privatizing Social Security’ Politico
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
93%
527 → 36 words
Want the full story? Read the original article
Read on CNN