Path 2

GOP 2024 Presidential Hopefuls Press Releases Donald Trump Friday, Apr 28 2023

CNN: Trump Wanted to Privatize Social Security and Raise Retirement Age

Apr 28, 2023

new report from CNN shows just how extreme Donald Trump’s record on Social Security and Medicare is. Trump is doing everything he can to hide his horrifying record on Social Security and Medicare by attacking 2024 hopefuls like Ron DeSantis – who is losing endorsements to Trump left and right. Trump’s record is clear – he proposed cuts to Social Security and Medicare every single year he was in office. He also supports privatization and raising the retirement age.

American Bridge 21st Century is holding Trump accountable every step of the way. Read more about Trump’s record on Medicare and Social Security here in our Trump Research Book.

CNNTrump previously backed policies on Social Security for which he’s now attacking DeSantis, calling the program a ‘Ponzi scheme’

By Andrew Kaczynski | 4/27/2023

  • “Former President Donald Trump once backed raising the retirement age to 70 and called for privatizing Social Security which he called a ‘Ponzi scheme’ – two positions he has hammered Florida Gov. Ron DeSantis for supporting as a former member of Congress and congressional candidate.”

  • “The campaign has also cited DeSantis’ praise of Paul Ryan’s budget plans during his 2012 congressional campaign with comments that expressed support for privatizing Social Security and Medicare – but a CNN KFile review found Trump himself also once praised Ryan on Medicare, along with the 2012 presidential nominee Mitt Romney, without praising their specific policy proposal, which called for similar changes to Ryan’s plan.”

  • “In his book, Trump lamented big cuts the program would need without changes, and said he would consider privatization.”

  • “‘The truth is undeniable, the workers of America have been forced to invest a sixth of our wages into a huge Ponzi scheme,’ Trump wrote. ‘The solution to the Great Social Security Crisis couldn’t be more obvious: Allow every American to dedicate some portion of their payroll taxes to a personal Social Security account that they could own and invest in stocks and bonds.’”

  • “‘We can also raise the age for receipt of full Social Security benefits to seventy,’ he wrote.”

  • “A budget from Trump’s White House did eventually call for reducing spending on Medicare, according to the nonpartisan Center for Budget and Policy Priorities, but those reductions would largely affect doctors and hospitals. At the same time, in an interview he later walked back, Trump said cuts to entitlements would eventually be on the table.”

  • “In another interview in 2020, which he again walked back, Trump said he’d be cutting entitlements.”

Read full report here.

Published: Apr 28, 2023

Jump to Content