Trump’s Nominated Social Security Head Knows How to Cut

If you’re hoping Social Security will avoid devastating cuts with the confirmation of Donald Trump’s nominee for Social Security Administration head, Frank Bisignano, we have some bad news about his track record.

First Data Corp. Chief Executive Officer Frank Bisignano Interview

Frank Bisignano speaking during an interview with Bloomberg in New York on February 19, 2015. (Victor J. Blue / Bloomberg via Getty Images)


For most people, Frank Bisignano is known for two things: being the president and CEO of Fiserv, and now President Donald Trump’s nominee to head the Social Security Administration (SSA). Within Fiserv he’s known for something else: overseeing a pitiless program of rolling layoffs in the name of cutting costs.

Maybe no part of the Trump administration’s program of dismantling federal government agencies has generated as much concern as its drastic cuts to the SSA, the agency responsible for trillions of dollars’ worth of payments to retirees, people with disabilities, and millions of other Americans, and which is already seeing its workers laid off en masse, its offices shuttered, and some of its core services ended.

If Bisignano is confirmed, the White House may soon have an ideal ally in this effort: as chief executive of both Fiserv and First Data before that, he has been responsible for cuts to worker benefits, branch closings, and thousands of layoffs.

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