Latest / First Thing Today with Joe Thomas / FTTxJT 062926 "Let's call it the 'Not in the Face' Plan"

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FTTxJT 062926 "Let's call it the 'Not in the Face' Plan" · First Thing Today with Joe Thomas

0:00
Speaker 1: M making mornings great again.
0:12
Speaker 2: First thing today on the Talk Media Network by Joe Thomas.
0:27
Speaker 3: Thank you for letting us be of service to you.
0:38
Speaker 4: Jump so as Tom, you know, this is the Bill
0:43
Speaker 4: Cassidy is rolling out yet again. While Tim Kaine and
0:49
Speaker 4: Chris Murphy and everyone debates on whether they are socialists,
0:54
Speaker 4: here comes Bill Cassidy with the same old story that
0:59
Speaker 4: you know nearly did in George W.
1:02
Speaker 1: Bush.
1:03
Speaker 4: Remember it was one of his campaign platform planks, was
1:08
Speaker 4: that he was going to privatize social Security even still
1:12
Speaker 4: after September eleventh, once the dust had started to settle,
1:17
Speaker 4: brought it back in two thousand and five, comes back
1:21
Speaker 4: again about ten years after that. We'll get into all
1:24
Speaker 4: of that for you. And does it make any sense
1:29
Speaker 4: or have folks like jcsgold dot Com in there all along?
1:35
Speaker 4: James Luck is on with us from the Jefferson Coinshop.
1:38
Speaker 4: Jcsgold dot Com is where you find them online, a
1:42
Speaker 4: family business here to help you navigate gold and silver investments.
1:48
Speaker 4: Yet again, people talking about other people helping you with
1:51
Speaker 4: your retirement plans. James, Yet you've been out there all
1:55
Speaker 4: along saying you can take care of it. Just get
1:57
Speaker 4: yourself invested well, right.
2:00
Speaker 5: That's exactly right, and golden silver are just a piece
2:03
Speaker 5: of the puzzle. You know, we understand there are lots
2:07
Speaker 5: of other investments out there, you know, the stock market
2:10
Speaker 5: and CDs and treasury bills and all that good stuff,
2:13
Speaker 5: and we really think that gold and silver is just
2:16
Speaker 5: a piece of the puzzle. Probably about ten percent of
2:19
Speaker 5: your portfolio in physical gold and silver, and you can
2:23
Speaker 5: buy that directly from us through our website at JCS
2:26
Speaker 5: goold dot com and we'll ship it to you with
2:29
Speaker 5: insurance so you don't have to worry about it while
2:31
Speaker 5: it's traveling in the mail.
2:32
Speaker 4: I stopped by and visited them last week and there
2:35
Speaker 4: was James. I mean you he just hunched over. It's
2:38
Speaker 4: like it's like a Dickens story. There he is, you know,
2:41
Speaker 4: just getting orders coming in at jcsgold dot com. But
2:46
Speaker 4: it was good to see you guys at the shop. There's,
2:49
Speaker 4: as I said, family business, not out there worried about
2:53
Speaker 4: commissions or turning over clients quickly so they can get
2:56
Speaker 4: to the next one. Spend time and talk with you
2:59
Speaker 4: about where you are at. How are gold and silver
3:02
Speaker 4: doing this morning? Golden silver down.
3:05
Speaker 5: A little bit today. They were testing there some some
3:09
Speaker 5: resistance on Friday. Silver had tested fifty nine fifty on Friday,
3:14
Speaker 5: but it currently has dropped down about two and a
3:16
Speaker 5: half percent to fifty seven dollars and seventy three cents.
3:19
Speaker 5: It would be interesting this week to see if silver
3:22
Speaker 5: can get back above sixty or not, so we'll see
3:25
Speaker 5: where it goes from here. Gold, though was holding strong
3:28
Speaker 5: above four thousand dollars, is currently down fifty dollars from
3:31
Speaker 5: where it was on Friday, but it's at four thousand
3:33
Speaker 5: and thirty six so far, so' still holding above four thousand,
3:37
Speaker 5: a key level there for gold.
3:38
Speaker 4: Well, it's good stuff and please, James is going to
3:40
Speaker 4: be busy this morning. I'm pretty sure with the orders,
3:43
Speaker 4: especially with this new found affordability of gold and silver there,
3:49
Speaker 4: So you know, make sure you give them a call
3:51
Speaker 4: and talk to this family business at four three four
3:54
Speaker 4: nine sine coin. That's after ten o'clock Eastern. I'm sure
3:58
Speaker 4: if you call now you can leave a message for
4:01
Speaker 4: them and they'll get with you this morning. There, James,
4:04
Speaker 4: you have a great morning, sir.
4:06
Speaker 5: Thanks shure you too.
4:07
Speaker 6: Social Security is running out of money, but don't worry.
4:11
Speaker 6: Our presidents always say they will.
4:14
Speaker 4: Drinthen and save social Security.
4:16
Speaker 1: Safeguard social Security.
4:18
Speaker 7: I'll save social Security, except unfortunately none will really save it.
4:23
Speaker 6: Here here's the problem. Years ago, government made us a promise.
4:27
Speaker 4: And here's where John Stossel, who I'm going to be
4:30
Speaker 4: with in a week and a half's time out at
4:33
Speaker 4: Freedom Fest. Piece that John Stossel did for Reason magazine
4:39
Speaker 4: thirteen years ago. This is a thirteen year old piece
4:43
Speaker 4: that John Stossel did. Many ways he is correct, many
4:49
Speaker 4: ways he is in.
4:50
Speaker 7: Social Security is a program you can count on now
4:54
Speaker 7: and in the future.
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Speaker 6: Even if you don't save for your retirement, government will
4:59
Speaker 6: save for you. Eh.
5:01
Speaker 4: Sorry, John. See here's where you come and I understand
5:04
Speaker 4: the populism of what you're saying. He's addressing what we
5:08
Speaker 4: believe Social Security is supposed to be doing. And this
5:14
Speaker 4: is the danger of fibbs. Eventually, the fibbs catch up
5:19
Speaker 4: with you. So instead of telling you that if you're
5:32
Speaker 4: receiving Social Security, where's my I got my account statement
5:37
Speaker 4: last week for Social Security. If I can hang on
5:40
Speaker 4: until I'm seventy, I might get like three grand a
5:42
Speaker 4: month or something like that. I'm sure I'm going to
5:49
Speaker 4: devastate it because most of that is based on me
5:52
Speaker 4: working for someone else. Now I work for myself, so
5:54
Speaker 4: I'm pretty much out on my own island. Get James
5:58
Speaker 4: back on the phone. I mean he need to buy
6:00
Speaker 4: bore gold and silver. But instead of being honest to you,
6:06
Speaker 4: if you're receiving a Social Security check that's based on
6:11
Speaker 4: someone else's work, John gives me a great entree into this.
6:18
Speaker 4: John Stossel, again.
6:19
Speaker 8: We are with you through life's journey. Social Security securing
6:23
Speaker 8: today and tomorrow.
6:25
Speaker 4: Isn't that kind of like I'm from the government and
6:27
Speaker 4: I'm here to help.
6:27
Speaker 6: You, but the program doesn't secure tomorrow. The politicians misled us.
6:32
Speaker 4: No, we allowed them to. John.
6:34
Speaker 6: They didn't save your Social Security payments. They spent every penny.
6:39
Speaker 4: Now that's what we call truthy, because yes, they spent
6:42
Speaker 4: every penny, but they weren't supposed to be saving it
6:45
Speaker 4: for you. See, I'm paying into Social Security. You are
6:51
Speaker 4: unless you're collecting it. And when Social Security first began,
6:58
Speaker 4: dozens of people were kicking in money for the retirees
7:03
Speaker 4: that were receiving it. See when they started the Social
7:06
Speaker 4: Security Administration, I think it was a woman in Pennsylvania
7:09
Speaker 4: received the first check the year it started. How is
7:13
Speaker 4: that possible she didn't save anything for Social Security because
7:17
Speaker 4: back then they could do something called being honest if asked.
7:20
Speaker 4: There were like three places that did news on the
7:23
Speaker 4: planet in the United States, so the odds of you
7:27
Speaker 4: being asked were slim. But these first Social Security recipients
7:36
Speaker 4: hadn't saved any money. No, they were being paid out
7:39
Speaker 4: of the Social Security taxes being collected from the current workforce.
7:44
Speaker 4: Our demographic problem is right now, it's about two people
7:47
Speaker 4: working for every retiree, because we have a whole crapload
7:51
Speaker 4: of retirees thanks to the baby boomers, most of whom
7:56
Speaker 4: took early retirement like sixty two rather than trying to
8:00
Speaker 4: in there. And oh, don't even mention working longer. You see,
8:08
Speaker 4: even Reason magazine is misleading you on why social Security
8:12
Speaker 4: has a problem. So Tom Tillis jumps onto the third
8:15
Speaker 4: rail of American politics. Maybe he's the only one who's
8:19
Speaker 4: really qualified to since we've already voted him out. He
8:22
Speaker 4: finished third and a three person race for the Louisiana
8:26
Speaker 4: Senate primary or in the Louisiana Senate primary, So maybe
8:33
Speaker 4: Senator Tillis is the only person who's politically got the
8:38
Speaker 4: freedom to actually talk about investment accounts will unpack it
8:42
Speaker 4: a little bit when we get back news coming up
8:46
Speaker 4: at the bottom of the hour.
8:47
Speaker 6: But the moment they came in, but most people don't know.
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Speaker 4: That well what they spend it on beyond just the retirees.
8:55
Speaker 4: That's what really unbaked the cake.
9:00
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9:07
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9:10
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9:11
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9:13
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9:33
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9:34
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10:09
Speaker 1: On your to do list.
10:10
Speaker 2: Putting the radio on is the first thing today.
10:18
Speaker 1: When she was here by my side. Seems you just
10:24
Speaker 1: went flying by old time.
10:29
Speaker 9: You're not a.
10:30
Speaker 4: Friend of mine. No, no, it isn't. So Bill Cassidy's
10:35
Speaker 4: plan maybe builds off this. This is Scott bessened a
10:40
Speaker 4: few months ago.
10:41
Speaker 12: Wait, how are you doing it? How can you understand
10:44
Speaker 12: the power of compound interest? And also at the end
10:47
Speaker 12: of the day that I'm not sure when the distribution
10:52
Speaker 12: level dates should be whether it should it be thirty
10:55
Speaker 12: and you can buy a house? Should it be sixty?
10:59
Speaker 12: But in a way it is a back door for
11:02
Speaker 12: privatizing social.
11:03
Speaker 4: Security talking about the One Big, Beautiful Bill Act. So
11:08
Speaker 4: here's here is basically what Bill Cassidy's proposal is. In
11:15
Speaker 4: a nutshell anyway, So he's going to take up a
11:21
Speaker 4: loan out. The idea is to borrow another one. At
11:25
Speaker 4: this point, what's another one point five trillion dollars and
11:30
Speaker 4: put it in a sovereign wealth fund outside of social
11:33
Speaker 4: security and invest it in equities and other market assets,
11:39
Speaker 4: just like the National Railroad Retirement Investment Trust does, and
11:44
Speaker 4: the estimates that their fund would grow sixty to sixty
11:48
Speaker 4: five percent more than social securities liabilities investment risks would
12:00
Speaker 4: be borne by the fund, not the retiree. So if
12:05
Speaker 4: they screw up and invest in something that tanks, the
12:10
Speaker 4: borrowed money would remain in a government held escrow account,
12:16
Speaker 4: so it would not, quote in an accounting trick, not
12:24
Speaker 4: increase the national debt. Even though it would increase the
12:26
Speaker 4: national debt, It wouldn't technically, I guess, because they would
12:30
Speaker 4: borrow it from themselves. By this point, why not? But
12:38
Speaker 4: the issues, like I said, Stoscil was wrong because well,
12:43
Speaker 4: we were wrong to believe the government that there was
12:47
Speaker 4: some account there set up for us. If you're getting
12:54
Speaker 4: a Social Security check that's being paid into by me
12:57
Speaker 4: and anyone else who's still in the workforce who's paying FIKA,
13:03
Speaker 4: our money is going to you, Our kids' money is
13:06
Speaker 4: going to go to us. Allegedly, there are some demographic
13:11
Speaker 4: questions because we have such a spike in the number
13:14
Speaker 4: of retirees and that number is due to go down,
13:18
Speaker 4: I hate to say it over some time. This also
13:22
Speaker 4: becomes part of Obamacare. This is why the advisability of
13:27
Speaker 4: care panels existed, so that we didn't have people on
13:30
Speaker 4: Social Security for forty years because the fund was never
13:36
Speaker 4: set up. The plan was never set up to have
13:38
Speaker 4: people on Social Security for more than four or five years.
13:42
Speaker 4: That's another little secret in Social Security. You weren't supposed
13:46
Speaker 4: to live past seventy because that's what the demographics had.
13:51
Speaker 4: I mean, seventy was considered a long life in the
13:55
Speaker 4: thirties nineteen thirties.
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Speaker 1: On your to do list. Putting the radio on is
15:42
Speaker 1: the first thing today.
15:44
Speaker 4: Reactions to the Social Security rewiring, I like this one,
15:52
Speaker 4: Terry writes into four three four eight eight two four
15:55
Speaker 4: two one seven, Yet more cronyism from the government. Take
16:00
Speaker 4: my tax money and give it to some Wall Street
16:03
Speaker 4: investment banker so that they can make profits on it.
16:06
Speaker 4: Did we not learn anything from two thousand and eight.
16:12
Speaker 4: What you know, here's the thing. So we have to
16:15
Speaker 4: unwind this a long way, Terry, and I appreciate the
16:17
Speaker 4: text message. Let's unwind this all the way back. Let's
16:25
Speaker 4: unwind this to where it begins, which is retirees weren't retiring.
16:33
Speaker 4: People were hanging on to jobs as long as they
16:35
Speaker 4: could because they were scarce. This is the thirties, nineteen thirties,
16:41
Speaker 4: and so to encourage people to step out of the workforce,
16:46
Speaker 4: the Social Security Administration was started, and the idea of
16:51
Speaker 4: the government coming up with a supplement to what you
16:55
Speaker 4: would normally have saved for yourself for retirement was put
16:59
Speaker 4: together because costs of living and those sorts of things
17:03
Speaker 4: that government was already becoming addicted to were going up
17:07
Speaker 4: and up and up, and people weren't working in the
17:11
Speaker 4: kinds of jobs that were establishing pension funds and things
17:14
Speaker 4: like that. So in an effort to fight the out
17:20
Speaker 4: of growing unionism that was threatening the free market in
17:28
Speaker 4: the United States, they came up with this government plan
17:31
Speaker 4: of social security. And it was never, never, ever, ever
17:37
Speaker 4: designed to be your entire retirement, And unfortunately, sloppy media
17:45
Speaker 4: over time, and yeah, I know it sounds like I'm
17:48
Speaker 4: just whipping my favorite whipping boy, but sloppy media over
17:52
Speaker 4: the time, just like I was talking on Saturday with
17:55
Speaker 4: Bob about it, it's not These aren't Supreme Court opinions
17:59
Speaker 4: that or waiting to see a whole bunch of them
18:01
Speaker 4: come this week. They're Supreme Court rulings, but the media
18:07
Speaker 4: likes to call them opinions because there's usually two a
18:12
Speaker 4: dissenting and in the ruling of the court, and the
18:19
Speaker 4: dissent is generally a different view of the rule the
18:24
Speaker 4: law that is being questioned, but it is still a ruling.
18:29
Speaker 4: It is a ruling based on your understanding of the
18:33
Speaker 4: law of you're a Supreme Court justice, and the presentations
18:37
Speaker 4: of the two attorneys on either side. But it's a ruling,
18:41
Speaker 4: not an opinion. Social Security is not retirement. It's a
18:48
Speaker 4: government guaranteed augmentation of what you're supposed to be doing
18:54
Speaker 4: yourself for retirement. And unfortunately, what we did, especially during
19:01
Speaker 4: the eighties, was we spent everything. We spent it all
19:08
Speaker 4: because that's what the government wanted you to do. Clinton
19:11
Speaker 4: in the nineties wanted you spending money. Obama, they want
19:16
Speaker 4: you spending money That's what Kenzie and economics is, will
19:20
Speaker 4: make it easy, will make money cheap, will make money available,
19:26
Speaker 4: you go spend it because Professor Keynes observed that people
19:36
Speaker 4: with money generally spent money, and that was good for
19:39
Speaker 4: business because businesses were getting a cash flow going because
19:44
Speaker 4: people were spending money. What we weren't doing was setting
19:48
Speaker 4: any of it aside for our retirement because that was
19:56
Speaker 4: too much to bear. We couldn't bear with five percent
19:59
Speaker 4: being pe out of the economy, even if just that percent,
20:06
Speaker 4: and I've seen some different reports saying five to ten percent,
20:09
Speaker 4: but it would have required all of us to spend
20:12
Speaker 4: five percent less put it in our whether it's four
20:16
Speaker 4: oh one k ira contributed to our company run pension plan,
20:22
Speaker 4: whatever it might have been. We were supposed to be
20:25
Speaker 4: doing that, but the government didn't want us doing it.
20:28
Speaker 4: This was the housing bubble. You took about two thousand
20:31
Speaker 4: and seven, two thousand and seven, two thousand and eight.
20:33
Speaker 4: That economic crash started with a housing bubble. Do you
20:38
Speaker 4: remember the housing bubble? The dot com bubble came before it.
20:43
Speaker 4: Remember we were talking about Robert Reich and the manipulation
20:51
Speaker 4: of rules, the elimination of firewalls on Wall Street. This
20:57
Speaker 4: led to the dot com bubble, well it started, it
21:02
Speaker 4: led to the dot com bubble. But the reason it's
21:06
Speaker 4: called that is it burst eventually, and so what we're
21:14
Speaker 4: what and that's always what happens with this manipulation. But
21:17
Speaker 4: you'd brought up two thousand and seven, two thousand and
21:19
Speaker 4: eight that was brought on by the housing crash, and
21:25
Speaker 4: what brought on the housing crash, cheap home was at
21:32
Speaker 4: home equity, home improvement and equity loans. I forget what
21:37
Speaker 4: the acronym is for it, but people were encouraged. Banks
21:41
Speaker 4: were going out like crazy because commissions were being made
21:45
Speaker 4: on selling home improvement loans. So you would go and say, hey,
21:56
Speaker 4: I've been in my house ten fifteen years, what can
21:59
Speaker 4: you get. The banks were encouraged to give you those
22:02
Speaker 4: loans even if you didn't have a ton of equity. Oh,
22:05
Speaker 4: it's a right. So people without a lot of equity
22:08
Speaker 4: in their homes were getting home improvement loans and then
22:13
Speaker 4: not improving their homes. I remember the advertisements. People were
22:20
Speaker 4: going to vacations, and people were go flying away to Europe,
22:24
Speaker 4: and people were buying baseball tickets and all sorts of
22:28
Speaker 4: things that people were doing with their home improvement loans.
22:32
Speaker 4: The banks were encouraging, Oh yes, this is a great vehicle.
22:38
Speaker 4: Have the things you're looking for. People were buying second homes,
22:44
Speaker 4: vacation homes with their home improvement loans because money got cheap.
22:50
Speaker 4: This is all part of the nineties. This is this terry.
22:54
Speaker 4: So when you talk about, you know, this Bill Cassidy
22:59
Speaker 4: plan to borrow, they row one point five trillion dollars
23:02
Speaker 4: and then invest it in Wall Street, creating a new
23:08
Speaker 4: sovereign wealth fund under the Big Beautiful Bill Act so
23:15
Speaker 4: that it grows faster than the Social Security Fund. Because
23:18
Speaker 4: that's the secret in the whole mix is that the
23:21
Speaker 4: Social Security Fund wasn't growing. Our workforce wasn't growing as
23:27
Speaker 4: fast as our population of retirees. That's why I think
23:32
Speaker 4: it was forty two workers for every retiree at first.
23:38
Speaker 4: Now it's two two people are working to pay your
23:42
Speaker 4: Social Security check their FIKA. And that's what's crippled it
23:49
Speaker 4: is that they didn't grow the wealth. Now, they played
23:53
Speaker 4: other games with it. In the seventies, they started borrowing
23:57
Speaker 4: against it to pay for war expenses because they didn't
24:00
Speaker 4: want to go to the American people and said, hey,
24:02
Speaker 4: this war in Vietnam is costing us this money. It
24:05
Speaker 4: was already unpopular enough thanks to the Soviet Union's propaganda ads,
24:13
Speaker 4: so there's more to it.
24:15
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Speaker 16: Medishare is biblical.
25:00
Speaker 8: Meta Share is family.
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Speaker 16: Join thousands of Christians who can help you save on
25:04
Speaker 16: your healthcare and support your family when you need it.
25:07
Speaker 16: Called eight five five Share forty eight five five Share forty.
25:12
Speaker 16: That's eight five five share forty.
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Speaker 1: On your to do list. Putting the radio on is
25:33
Speaker 1: the first thing today?
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Speaker 9: You stopped? Say it, get out stop it's all stump.
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Speaker 4: Yes, indeed they do. So what does what does conservative?
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Speaker 4: What does republican socialism sound like?
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Speaker 9: You know?
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Speaker 4: And and I know that we talked a bit on
26:11
Speaker 4: Friday's program, a lot on Saturday's program about Sunday's one
26:15
Speaker 4: hundredth birthday for mel Brooks. And I don't know which
26:25
Speaker 4: movie you wound up watching. I always and my wife
26:29
Speaker 4: and I debated. We wound up with the producers. Producers
26:33
Speaker 4: or Blazing Saddles were the finalists because I had to
26:39
Speaker 4: go and give the Turner family Trusts some money if
26:43
Speaker 4: I wanted to see young Frankenstein. But you know what
26:48
Speaker 4: this is. This is the Republican policy. Every time a
26:52
Speaker 4: Zorhan Mamdani comes up and moves the Overton window of
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Speaker 4: economics further to the left, whether it's Linden Linden Johnsen
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Speaker 4: or Franklin Roosevelt before that, when Republicans are faced with
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Speaker 4: fraudulent interpretations or misrepresentations of what's gone wrong and why
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Speaker 4: people are struggling, this is the Republican's answer, I'm working for.
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Speaker 1: Mail Brooks, not in the faith.
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Speaker 4: Thank you just changed the line. I'm working for Bernie Anders.
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Speaker 3: Not the face.
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Speaker 4: It's all they seem to be worried about, instead of saying, hey,
27:39
Speaker 4: we ripped off the Social Security plan, but we've also
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Speaker 4: driven down the economy so badly. We don't have enough
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Speaker 4: employees working for all the retirees because we were living
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Speaker 4: fat and happy when the baby boomers were working and
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Speaker 4: contributing into FIKA. Now they're retired and we don't have
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Speaker 4: enough people working to replace them. That's what they won't
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Speaker 4: admit to you. I mean, even a guy that I
28:07
Speaker 4: count on most of the time to be a great
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Speaker 4: broker of what's really going on. And remember George W.
28:18
Speaker 4: Bush suggested this Bill Cassidy plan in two thousand when
28:24
Speaker 4: he was running for president. It was even part of
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Speaker 4: his inaugural address. And then the towers came down and
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Speaker 4: we all forgot. But he tried to do a private
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Speaker 4: Social Security adjunct in two thousand and five after getting
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Speaker 4: paddled in the midterms. Not the face, see what I mean,
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Speaker 4: not the face, but even a guy in a group
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Speaker 4: that I count on for reality. John Stossel and Reason
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Speaker 4: magazine said this.
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Speaker 6: Social Security is running out of money.
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Speaker 4: Well, that's true. Don't worry.
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Speaker 6: Our presidents always say they will.
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Speaker 4: Strengthen and save social Security.
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Speaker 1: Safeguard social Security.
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Speaker 7: We'll save social Security, except unfortunately, none will really save it.
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Speaker 6: Here's the problem. Years ago, government made us a promise.
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Speaker 10: Social Security is a program you can count on now
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Speaker 10: and in the future.
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Speaker 6: Even if you don't save for your retirement, government will
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Speaker 6: save for you.
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Speaker 4: No, that's not what they said. Well it was the implication.
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Speaker 4: And this is where lazy, sloppy journalists came along. I
29:34
Speaker 4: knew this in high school. My high school was part
29:39
Speaker 4: of a school division, a public school division that was bankrupt.
29:44
Speaker 4: The city that it was part of was being run
29:46
Speaker 4: by a coalition of bankers because they had lent the
29:49
Speaker 4: city money because the federal government wouldn't. I was in
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Speaker 4: history and social studies classes with forty five other kids,
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Speaker 4: most of them completely disinterested in the subject matter. Yet
30:05
Speaker 4: if for those who were paying attention there it was
30:09
Speaker 4: on the on the blackboard in front of us that
30:13
Speaker 4: social Security is a pass through. It's a pyramid, and
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Speaker 4: like all pyramids, And I know the reaction is, oh,
30:25
Speaker 4: it's he's calling it a scam. No, well, pyramids by
30:28
Speaker 4: their nature are scams because it's counting on more people
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Speaker 4: paying in to make it look like the people getting
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Speaker 4: money out are profiting. It is not based on growth
30:47
Speaker 4: or creating. Like Andy was talking about his family making
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Speaker 4: tile and everything.
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Speaker 8: They are with you through life's journey. Yes, social Security
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Speaker 8: securing today and tomorrow.
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Speaker 4: I'm from the government and I'm here to help.
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Speaker 6: But the program doesn't secure tomorrow. The politicians misled us.
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Speaker 4: No, we were allowed to be misled. And this is
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Speaker 4: where John Stossel fails us.
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Speaker 6: They didn't save your Social Security payment.
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Speaker 4: They never said they were going to. We convinced ourselves
31:16
Speaker 4: we were going to. But yet in the seventies and
31:21
Speaker 4: in the early eighties, public school kids understood that Social
31:25
Speaker 4: Security was a pass through, that my FIKA money coming
31:29
Speaker 4: out of my paycheck working for Harry M. Stevens selling
31:33
Speaker 4: sodas at Shay Stadium to Jets fans, that FIKA money
31:40
Speaker 4: was paying someone else's retirement. I do that. How come
31:45
Speaker 4: nobody else knows that I wasn't special. I wasn't studying
31:48
Speaker 4: economics at the Milton Friedman Memorial Private High School because
31:56
Speaker 4: we were in the middle of the baby boomers working,
31:59
Speaker 4: so nobody cared. There were people in the early eighties saying, hey,
32:03
Speaker 4: you know what happens when all the baby boomers stop
32:06
Speaker 4: making fighter money and start pulling out fighter money. There
32:11
Speaker 4: were people who demographically saw that this was a problem.
32:16
Speaker 4: But so while we have Zefad mad Money, the mayor
32:19
Speaker 4: of New York, the kingmaker of the American socialist movement,
32:23
Speaker 4: dragging his political party to the left, and you've got
32:29
Speaker 4: guys like Chris Murphy out there doing the Democrat version
32:35
Speaker 4: of not the phase, and John Fetterman saying they're nutty,
32:44
Speaker 4: but they're there. They're real. They're nutty, but they're real.
32:53
Speaker 4: So Chris Murphy presents a twenty five dollars an hour
32:57
Speaker 4: minimum wage. You know who upsides on that. Fike is
33:01
Speaker 4: going to get more of that money. But it still
33:07
Speaker 4: doesn't make up for the fact that there were forty
33:09
Speaker 4: two people in the workforce. And when they kept talking
33:15
Speaker 4: about oh, well, we're going to invent technology and it's
33:18
Speaker 4: going to change the workforce anything else, But what are
33:20
Speaker 4: you going to do? This is what's feeding into the Marxism.
33:25
Speaker 4: What do you do and how are you going to
33:26
Speaker 4: get somebody to pay for it, because Jorhan, Mom, Dannie,
33:30
Speaker 4: and all the Bernie Sanders and Louise left hand Lucas,
33:35
Speaker 4: they all are going to tax somebody to pay you.
33:43
Speaker 4: Or you have to figure out what you're good at
33:47
Speaker 4: and go do it and make your own money. Who
33:54
Speaker 4: do you think has the more compelling message for an
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Speaker 4: electorate that's told vote for me and I'll help you
34:05
Speaker 4: solve all your approach from Maks.
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Speaker 11: Not in the face.
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Speaker 7: Thank you,