Trump pick to run Social Security says has not thought about privatization
(Reuters) -Frank Bisignano, President Donald Trump’s nominee to oversee the Social Security Administration, said on Tuesday he had not spoken with anyone about the possibility of privatizing the agency.
“I’ve never thought about privatizing,” he told a Senate confirmation hearing. “It’s not a word that anybody’s ever talked to me about, and I don’t see this institution as anything other than a government agency that gets run for the benefit of the American public,” Bisignano said in response to a question about the prospect of privatization.
Some Republicans have in the past called for privatizing social security. Advocates for retirees and the disabled say privatizing the agency could result in reduced benefit payments to millions of Americans who rely on them.
(Reporting by Nathan Layne in New York, additional reporting by Tim Reid, editing by Ross Colvin)
