In their latest hysteria, the Usual Suspects in the corrupt media and the Democrat party are all awhirl over a comment Treasury Secretary Scott Bessent made at a Breitbart News policy event Wednesday regarding Social Security. In a nutshell, he said that the Trump administration’s new child savings accounts provided for in the “One Big Beautiful Bill” could be an effective “back door for privatizing Social Security.”

Cue the hysteria! 

It’s almost as if a memo went out from the DNC to the media and the left commanding them to keep saying “the quiet part out loud” over and over again. There were innumerable posts with almost the exact same wording, so naturally, the American Federation of Teachers was among the many who felt they had to jump in (although I’m not sure what any of this has to do with education or teaching):

Scott Bessent just said the quiet part out loud. The Trump administration is scheming to privatize Social Security. https://t.co/ss0JDuf0cn

— AFT (@AFTunion) July 31, 2025

The only little problem with their little fearmongering narrative? It’s not what he meant, and they know it, as Breitbart explained.

Of course, this was all an intentional misreading of Bessent’s comment. The Trump Accounts are not intended to replace Social Security but to supplement it. They make Social Security less important because they will increase the amount of wealth available for retirees, increasing the economic security of Americans.

White House Press Secretary Karoline Leavitt further pulverized the left’s hot take:

“What the secretary of Treasury was saying, and what this administration believes, is that these Trump newborn accounts — which is an incredibly creative and great provision that was in the One Big Beautiful Bill for newborn children, and families and future generations of Americans — will help supplement, not substitute, Social Security,” Leavitt said during Thursday’s briefing.