Social Security Nominee Denies Privatization Plans During Senate Hearing

During his Senate confirmation hearing, Frank Bisignano, President Trump's nominee to lead the Social Security Administration, assured lawmakers that he has never considered privatizing the agency, stating, "I don’t see this institution as anything other than a government agency that gets run for the benefit of the American public." Democrats expressed concern over potential cuts proposed by Elon Musk's Department of Government Efficiency, suggesting this could lead to a push for privatization. Senators, including Sheldon Whitehouse and Ron Wyden, criticized the current administration's actions, arguing they undermine public confidence in Social Security and could pave the way for privatization. Bisignano emphasized his commitment to ensuring timely payments and efficient processing of disability claims. Despite some Republican support for privatization in the past, such proposals remain unpopular among the public. The hearing highlighted ongoing tensions regarding the future of Social Security amidst budgetary pressures.