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Home » Transcript: President Trump’s Remarks on the 90th Anniversary of Social Security

Transcript: President Trump’s Remarks on the 90th Anniversary of Social Security

Read the full transcript of President Trump’s remarks in the Oval Office on the 90th anniversary of Social Security, hours before crucial summit with Putin in Alaska, August 14, 2025. 

Opening Remarks and Introductions

PRESIDENT TRUMP: Hello everybody, how are you? Are you all set? How are you? Thank you very much for being with us. It’s a good time for this country. We have the hottest country anywhere in the world. I think you’re hearing it from a lot of people, not just from me. We’re doing very well in so many ways and the gentleman on my right, we recruited him. We tried to get the best person. We got a man that you’ll hear in a second has done an amazing job with respect to social security. He’s running it and he’s running it like nobody’s ever even dreamed possible.

90th Anniversary of Social Security

PRESIDENT TRUMP: It’s the 90th anniversary right now of social security, so today we celebrate that 90th anniversary of one of the most significant pieces of legislation ever signed into law, the Social Security Act of 1935. And we’re going to make it stronger, bigger and better, really doing a job. In the campaign I made a sacred pledge to our seniors that I would always protect social security and under this administration we’re keeping that promise and strengthening social security for generations to come.

You keep hearing stories that in six years, seven years social security will be gone and it will be if the Democrats ever get involved because they don’t know what they’re doing, but it’s going to be around a long time with us. Very much, you’ll be surprised to hear some of the numbers.

Introducing Commissioner Frank Bisignano

PRESIDENT TRUMP: I’m delighted to be joined by the Commissioner of the Social Security Administration, Frank Bisignano, who in the world of business, in fact I wrote some of the little things down, he’s had an amazing, amazing, he was Chief Operating Officer of J.P. Morgan Chase. He worked for Jamie Dimon and Jamie Dimon said that it was amazing. So think of that, Chief Operating Officer, J.P. Morgan Chase, had a storied career. Then he went to First Data, for those in the business, you know it’s the largest payment company anywhere in the world and worked for Henry Kravis and was in big trouble. He took it over as CEO, he made it incredible. They merged with Fiserv and he became CEO of that and that became extremely successful.

That was in Milwaukee, I guess they had the Milwaukee Arena and where we had some good success and some good speeches, but he’s a really legendary guy and he wanted to do this. I mean he just wanted to straighten out social security because he loves our country and what he’s done in, you know, a few months is amazing.

Social Security Under Previous Administration

PRESIDENT TRUMP: Almost 60 million American seniors rely on social security for peace of mind and a life of dignity and retirement. These Americans paid into the system and they deserve leaders in Washington who are going to protect the benefits they’ve had and protect social security.

Under Biden, social security went down like nobody’s ever seen it, deteriorated. There’s never been anything like it. The four years of Biden were very, very destructive. It couldn’t have gone on much longer. Social security was going to be destroyed, it was being destroyed. The average call wait time reached an all-time high of more than 42 minutes. Field office wait times were at 32 minutes, which is unheard of and the disability claims backlog was the longest ever in recorded history. In other words, it was run just like the country was run. It was run really badly.

Improvements Under Current Administration

PRESIDENT TRUMP: But I’m pleased to report that under our leadership and Frank in particular, the changes he’s made and what he’s done is sort of a miracle, sort of like what happened with the country as a whole. Field office wait times are now down 30 percent since last year and it looks like it’s going to a total record number and the record was set in a long time ago when the world was a lot different place and we’re going to beat that record.

Call wait times are down 73 percent while serving twice as many customers per day. The disability claims backlog is down 26 percent and seniors now have 24-7 online access to their accounts, which they never had before. Whereas under Biden, the website was down 29 hours a week for maintenance purposes. It was essentially not open very much. They were always maintaining it but they didn’t know what the hell they were doing. They had a person running that that had no idea what they were doing.

Among my very first acts was to order all government employees to return to the office or be removed from the job, which means our social security offices are now open for full business hours five days a week, so unlike being shut down all the time, we’re open at record levels also. We’re making it really great for the people that want and demand social security and they paid into the system, they deserve it.

Tax Relief and Fraud Prevention

PRESIDENT TRUMP: Last month I signed one big beautiful bill and allowed no tax on social security for our great seniors, okay. So how’s that? Not bad, right. No tax on social security for our seniors. And to protect our benefits, we’ve already kicked nearly 275,000 illegal aliens off of the social security system. These are people, many of them have already left the country and yet we were sending them checks all the time and 275,000 and that number is now even larger than that, frankly. It’s an unbelievable job and what that’s doing is making the system strong, it’s making it strong. Biden never kicked anybody off, everybody joined.

We’re carrying out historic deportations to remove many more illegals committing social security fraud.