Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about the Trump administration's Social Security privatization

backdoor plan.

Trump's Treasury Secretary Scott Besant was talking about the so-called Trump accounts,

and he seemed to slip up and say what everyone

kind of knew, but nobody could really prove. The accounts have a deposit made by the government

in the amount of $1,000 for certain children born between 2025 through 2028. The money goes into mutual funds. Besson said of the plan,

quote, when you do this, you make everyone a shareholder. But here's the interesting statement he made

that raised eyebrows. Quote, in a way, it is a backdoor for privatizing Social Security. Social Security is a

defined benefit plan paid out. To the extent that if all of the sudden, these accounts grow

and you have in the hundreds of thousands of dollars for your retirement, then that's a game

changer too.

Ranking member of the House Ways and Means Committee,

Representative Richard Neal of Massachusetts, said, quote,

Republicans' ultimate goal is to privatize Social Security,

and there isn't a back door they won't try to make

Wall Street's dream a reality. For everyone else, though, it's yet another warning sign that

they cannot be trusted to safeguard the program millions rely on and have paid into over a lifetime of

work.

Privatizing Social Security is one of those Testerton's fence moments.

Sure, it's also politically divisive, and most Americans don't like the risk of losing what they've paid into their whole lives.

They don't like the likelihood of the winding down

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