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 
2026-07-08T10:08:20-04:00July 7th, 2026|Categories: GOP, President Trump, privatization, Social Security|

Thanks, Cato, But Let’s Not “Re-Imagine” Social Security (It’s Been Working for 90 Years)

What do you get when a libertarian think tank publishes a book proposing to radically change Social Security in collaboration mostly with other right-leaning organizations? You get something like “Re-imagining Social Security,” authored by the CATO Institute’s Ivane Nachkebia and Romina Boccia (who more than once has called the program a ‘legal Ponzi scheme’). Not surprisingly, to these authors, “re-imagining” the program that some 70 million Americans depend on for financial security essentially means altering the program beyond recognition and cutting benefits for future retirees. To which we say:  better not to let their imaginations run away with our earned benefits. The libertarian Cato Institute (which never met a federal program it liked) appears to be on a crusade to undermine the existing Social Security program. Just this week, Boccia published a post in Cato’s ‘Debt Dispatch’ blog, claiming that Social Security “operates on the Robin Hood principle in reverse.” This is, pardon the expression, quite rich coming from a think tank whose funders include the Koch network and mega-corporations like Google, Facebook, Philip Morris, the American Petroleum Institute and Chevron.

NY Times Op-ed Attempts to Divide the Generations to Undermine Social Security & Medicare

In this "Equal Time" edition of our blog, we push back on a recent New York Times op-ed that attempts to divide the generations in order to undermine Social Security and Medicare.

NCPSSM Makes Final Endorsements of 2022 Cycle, Emphasizing GOP Threats to Social Security and Medicare

As the midterm campaign draws to a close with the future of Social Security and Medicare possibly at stake, NCPSSM has been completing its final round of candidate endorsement events around the country.  Today in Charlotte, North Carolina, NCPSSM legislative director and PAC coordinator Dan Adcock formally endorsed Democrat Cheri Beasley for U.S. Senate in one of the pivotal swing state races of this election cycle.

Republican Roundtable Revives Wrongheaded Ideas for Social Security

GOP members of the House Ways and Means Committee held an all-Republican roundtable on the future of the program on June 29.  That’s a little like holding an all-Red Sox roundtable on the future of the Yankees. Republicans have spent four decades devising ways to undermine Social Security – including their triad of terrible ideas: raising the retirement age, means-testing benefits, and privatizing the program
2022-07-05T16:10:01-04:00July 1st, 2022|Categories: Democrats, privatization, Rep. John Larson, Republicans, Social Security|

Trump Plan to Privatize Medicare Is Alive and Well

Seniors and their loved ones may be alarmed to learn that there is an insidious, but largely unpublicized effort underway to gradually privatize Medicare. According to recent reporting, some traditional Medicare patients are now being placed in for-profit managed care plans without even knowing, thanks to a Trump administration policy that is still in effect.
2022-01-05T11:38:32-04:00December 22nd, 2021|Categories: Medicare, privatization, Trump Administration, Uncategorized|
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