Ted Cruz Admits “Dirty Little Secret”: Trump Accounts Are a Way to Privatize Social Security
May 11, 2026

Last week, Senator Ted Cruz admitted to the “dirty little secret” that “Trump Accounts are personal Social Security accounts.” Personal accounts have been pushed for decades as a way to privatize Social Security, and now Trump and MAGA Republicans are picking up the torch to undermine our seniors. Social Security is a lifeline for millions of American seniors who rely on the program to retire with dignity after years of hard work, yet Donald Trump and Republicans have repeatedly gone after the program.
Reminder: Treasury Secretary Scott Bessent previously admitted that Trump’s Big Ugly Bill is a “backdoor” to privatizing Social Security. Then, Social Security Administration Commissioner Frank Bisignano confessed that the Trump administration is open to raising the retirement age. Dr. Oz, Director of the Centers for Medicare and Medicaid Services, has repeatedly pushed to raise the retirement age, saying Americans should “work longer.”
In response, DNC Rapid Response Director Kendall Witmer released the following statement:
“Ted Cruz just admitted what we knew all along: Donald Trump and Republicans are on a mission to gut the hard-earned benefits older Americans rely on. Trump promised American seniors that their Social Security benefits would be 100% safe, but that’s turning out to be another one of his lies. Americans should be able to retire with a sense of financial security after working their whole lives — and Republicans want to rip that away so Trump can give massive tax cuts to his wealthy donors. Make no mistake: Democrats are fighting back to ensure our seniors can retire with dignity and receive their hard-earned benefits.”