Trump Goes “Down Under” for Latest Privatization Ploy
After turning the page on his self-indulgent USA250 bonanza, marred by extreme heat and disappointing attendance, President Trump has once again set his sights on Americans’ earned retirement benefits. On Monday, he announced that his administration is “working on a plan” to create accounts for adults loosely inspired by Australia’s retirement savings system – and similar to the Trump accounts for children.
Our president and CEO Max Richtman told MarketWatch today that Trump should be working on strengthening Social Security instead of “toying around” with federally-seeded private accounts.
“We would advise President Trump to focus on Social Security - a program that has worked splendidly for more than 90 years to provide Americans with basic retirement security” - Max Richtman, President and CEO, NCPSSM