Frank Bisignano: Firm Stance Against Social Security Privatization

Frank Bisignano, President Trump's nominee for the Social Security Administration, reaffirmed his position against the privatization of the agency during a Senate confirmation hearing. He emphasized the importance of maintaining the agency as a government entity that serves America's interests, countering past Republican privatization proposals.

Frank Bisignano, nominated by President Donald Trump to lead the Social Security Administration, confidently stated on Tuesday that he has never considered the notion of privatizing the agency.

During a Senate confirmation hearing, Bisignano clearly articulated that privatization is not a concept familiar to him, nor has it been suggested to him by others. He underscored his commitment to keeping the institution as a publicly operated entity for the American populace's welfare.

Historically, some Republicans have suggested privatizing social security, a move that, according to advocates for the elderly and disabled, could slash benefits for millions dependent on these payments.

(With inputs from agencies.)