“Joe Biden has nominated right-wing think tank fellow Andrew Biggs to the Social Security Advisory Board. Biggs has spent his career advocating privatization and cuts to the program that provides retirement benefits for 66 million Americans.”
There are hundreds of millions of adults in the U.S. and Uncle Joe picks this guy.
So reports Matthew Cunningham-Cook in his Jacobin article entitled, “Joe Biden Has Picked a Longtime Social Security Privatizer to Oversee Social Security.” The board has seven members. According to the board's website, only four positions are filled but two nominations are pending: one for Sharon Lewis, made by Biden last January; the most recent, for Biggs, was made in May. Neither has been confirmed as yet, as far as I have been able to determine.
Perhaps this is another version of Uncle Joe's “reaching across the aisle,” but this is not Joe's first rodeo, nor is it mine. You can read the announcement of the pick on the SSAB web site. Joe blows more smoke than a 2-cycle engine while also making a lot of noise that mostly just irritates bystanders but over time can poison them. There is a difference between reaching across an existing aisle and actually creating that aisle by appointing the opposition, as if there aren't already enough putzes within the Dem's ranks to deal with, to wit, Joe Manchin.
Take a “tour d'horizon” of Uncle Joe's 40-year record on Social Security. Prepare to gag. (Fact Check: Joe Biden Has Advocated Cutting Social Security for 40 Years.) Joe will tell you that Social Security adds to the deficit because he wants to cut it and serve the slices to his top-dollar supporters. Privatizing the program is one way of “cutting” it while transferring money to the Wall Street casino. In truth, there is almost $3 trillion in the Social Security Trust fund, and Social Security adds nothing to the deficit. So here's a terrible idea: let's turn Social Security into individualized, stock market/casino investment accounts. And let's make sure there are private contract investment managers to rake some off the top of every account for “managing” your Social Security.
See also here on Medicare privatization.