Democrats warn of potential Social Security privatization risks

Democrats are raising concerns that President Donald Trump has a hidden agenda to privatize Social Security. They believe his actions and those of billionaire adviser Elon Musk may damage the program and lead to cuts in benefits. Senator Ron Wyden emphasized this risk, criticizing Trump's choice for head of the Social Security Administration. Wyden pointed out that Frank Bisignano has a background in taking over troubled businesses. This, he argues, could signal a dangerous shift for Social Security. Democrats also claim Trump’s ongoing staff reductions and changes to services may make the program less efficient, prompting calls for privatization. Despite Bisignano's assurances that he does not favor privatizing Social Security, Democrats remain skeptical. Polls show many voters are worried, particularly about Musk's comments likening the program to a Ponzi scheme. Democrats argue these remarks could justify cuts to Social Security in the future. While some Republicans acknowledge attacks on Social Security, they support Trump’s commitment not to reduce benefits. As debates continue, the future of the program remains uncertain amid both parties' claims.