But the man heading the Trump transition team’s Social Security effort? Michael Korbey, a former lobbyist who has spent much of his career advocating for cutting and privatizing the program,
according to Yahoo News.
“It’s a failed system, broken and bankrupt,” Korbey said as a lobbyist in the mid 1990s. Korbey acknowledged that some of the reforms his group backed would hurt retirees, but “our constituents aren’t just senior citizens,” he told a newspaper in 1996. A decade later, as a senior adviser to the Social Security Administration, Korbey was a public advocate for the George W. Bush administration’s failed attempt to privatize Social Security.
Paul Ryan, who represents mainstream Republicans, has long advocated privatizing Medicare. That means dissolving the federally guaranteed fee-for-service program and handing fixed subsidies for retirees to buy private insurance? Would these private plans be affordable? It’s not known, since Ryan has never released specific details.