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This Is The Greatest Scam In American History. It's Time To End It. · The Matt Walsh Show

• 0:00
  Speaker 1: When a PhD student was investigating the state gambling industry
• 0:04
  Speaker 1: in West Virginia, he made a pretty remarkable discovery. A
• 0:08
  Speaker 1: grand total of 43 million bets were placed by just 16,000
• 0:13
  Speaker 1: gamblers using a single casino app in a span of
• 0:17
  Speaker 1: one month. So a very small number of people are
• 0:19
  Speaker 1: responsible for a staggering amount of betting. And interestingly enough,
• 0:23
  Speaker 1: these bets spiked on specific days, every second, third, and
• 0:27
  Speaker 1: fourth Wednesday of the month. Now, why might that be?
• 0:31
  Speaker 1: You wouldn't expect Wednesdays to be a particularly big day
• 0:34
  Speaker 1: for betting or for anything else. But consistently, week after week,
• 0:38
  Speaker 1: that's what the researcher observed. And then after doing a
• 0:41
  Speaker 1: little digging, he realized what was going on. Wednesdays are
• 0:44
  Speaker 1: when Social Security payments go out. Retirees were getting checks
• 0:48
  Speaker 1: in the mail and immediately putting the money into slot
• 0:52
  Speaker 1: machines without even waiting a day. So they're just lighting
• 0:55
  Speaker 1: the money on fire, essentially, and This is money that
• 0:58
  Speaker 1: we desperately need as a country. Social Security is the
• 1:01
  Speaker 1: single biggest line item in the federal budget and a
• 1:04
  Speaker 1: major driver of our national debt. And we're distributing this
• 1:07
  Speaker 1: money to millions of people who, in many cases, clearly
• 1:11
  Speaker 1: don't need it. This is the kind of waste that,
• 1:14
  Speaker 1: in any other context, would justifiably attract a lot of attention.
• 1:17
  Speaker 1: When we learned that Somali daycare owners were buying luxury
• 1:20
  Speaker 1: SUVs with our tax money, the vice president launched a
• 1:23
  Speaker 1: fraud task force. The feds raided the leering centers. was
• 1:28
  Speaker 1: a national scandal, as well it should be. But the
• 1:32
  Speaker 1: news that Social Security checks are fueling the gambling industry
• 1:35
  Speaker 1: in states like West Virginia, one of the poorest states
• 1:37
  Speaker 1: in the country, has been totally ignored. No one's even
• 1:41
  Speaker 1: pretending to care about the implications. Now, if your response is, well,
• 1:45
  Speaker 1: these people paid into Social Security so they can spend
• 1:48
  Speaker 1: the money however they want, well, then you're missing two
• 1:51
  Speaker 1: very important points. First of all, no, these people did
• 1:56
  Speaker 1: not pay into anything. They paid a tax to the government,
• 2:01
  Speaker 1: which then immediately spent their money. The payouts they're receiving
• 2:05
  Speaker 1: in the form of regular checks are coming from working taxpayers,
• 2:08
  Speaker 1: many of whom need the money to survive, not to
• 2:11
  Speaker 1: blow it on gambling. And secondly, on a related note,
• 2:14
  Speaker 1: Social Security is unsustainable. The system depends on an ever-increasing
• 2:19
  Speaker 1: number of workers who have have to fund this Ponzi
• 2:22
  Speaker 1: scheme with their tax payments for an increasingly elderly population.
• 2:26
  Speaker 1: And yes, Social Security is quite literally a Ponzi scheme.
• 2:30
  Speaker 1: A Ponzi scheme is a fraudulent investment plan where older
• 2:33
  Speaker 1: investors are paid out from money collected from newer or
• 2:38
  Speaker 1: more recent investors. And this is exactly how Social Security works.
• 2:45
  Speaker 1: But there's a problem. Well, many problems, but this is
• 2:48
  Speaker 1: a big one. Fertility rates in this country have plummeted.
• 2:51
  Speaker 1: We don't have enough workers paying taxes and therefore the
• 2:54
  Speaker 1: Social Security Trust Fund is set to run out in
• 2:57
  Speaker 1: the fourth quarter of 2032. And once the reserve is exhausted,
• 3:01
  Speaker 1: only around 78% of scheduled benefits would be provided. And
• 3:05
  Speaker 1: if the government tries to solve the problem by printing money,
• 3:08
  Speaker 1: it will cause inflation, which will ultimately cause Social Security
• 3:11
  Speaker 1: distributions to rise even further since the benefits are adjusted
• 3:14
  Speaker 1: based on the cost of living. In other words, whether
• 3:16
  Speaker 1: you want to cut Social Security benefits or not, something
• 3:20
  Speaker 1: has to give. At some point, sacrifices will have to
• 3:24
  Speaker 1: be made. There's no getting around it. The only question is,
• 3:28
  Speaker 1: who is making the sacrifice and in what form and when?
• 3:34
  Speaker 1: According to a recent survey from the Cato Institute that's
• 3:37
  Speaker 1: getting a lot of attention today, a large majority of
• 3:40
  Speaker 1: boomers have decided on their preferred solution. They know who
• 3:45
  Speaker 1: should make the sacrifice. And the answer is their children
• 3:49
  Speaker 1: and their grandchildren. Listen to this, quote, an overwhelming 89%
• 3:55
  Speaker 1: of Americans over the age of 65 said social security
• 3:59
  Speaker 1: benefits should be protected at current levels, even if it
• 4:01
  Speaker 1: means higher taxes on younger workers. And it's not only
• 4:05
  Speaker 1: Americans aged 65 plus who prefer the solution. Roughly 84%
• 4:08
  Speaker 1: of those aged 55 to 64 preferred higher taxes on
• 4:09
  Speaker 1: younger Americans, while 74% between the ages of 45 and
• 4:11
  Speaker 1: 54 agreed with it as well. In other words, The
• 4:20
  Speaker 1: closer Americans get to retirement, the more likely they are
• 4:23
  Speaker 1: to favor protecting today's benefits at the expense of younger workers,
• 4:27
  Speaker 1: who will end up paying higher taxes to keep it afloat.
• 4:32
  Speaker 1: So that's the plan. They're going to steal from young
• 4:36
  Speaker 1: families to pay the boomers who have dramatically more assets.
• 4:41
  Speaker 1: The average boomer net worth is more than 10 times
• 4:45
  Speaker 1: higher than the average net worth of somebody under the
• 4:48
  Speaker 1: age of 35. The median boomer household net worth is
• 4:51
  Speaker 1: roughly $ 430, 000, while the median net worth of entire households
• 4:54
  Speaker 1: under the age of 35 is around 39,000. Every single year,
• 5:00
  Speaker 1: individual Social Security recipients are receiving around $ 20, 000 on average,
• 5:05
  Speaker 1: which is more than half of the household net worth
• 5:08
  Speaker 1: for 35-year-olds. And this is a very important point, so
• 5:12
  Speaker 1: I'll repeat it. We are taking huge amounts of money
• 5:15
  Speaker 1: from young families and giving it to older people who,
• 5:17
  Speaker 1: on average, are 10 times wealthier. Now, of course, that's
• 5:23
  Speaker 1: an average. There are plenty of elderly grandmothers who are
• 5:25
  Speaker 1: poor or struggling, and there are some 35-year-olds who are wealthy,
• 5:29
  Speaker 1: but at a population level, the numbers are what they are.
• 5:34
  Speaker 1: To have an overwhelming majority of people in the older,
• 5:37
  Speaker 1: richer group calling for tax hikes on the younger, poorer
• 5:40
  Speaker 1: group is just despicable, frankly. It's pure selfishness. Young families
• 5:48
  Speaker 1: already have to deal with an economy where everything is
• 5:50
  Speaker 1: exponentially more expensive than it was for boomers at the
• 5:53
  Speaker 1: same age. Older people clamoring to raise taxes on the
• 5:57
  Speaker 1: young on top of it all is just perverse. It's
• 6:02
  Speaker 1: the exact opposite of how these things are supposed to work. Now, personally,
• 6:07
  Speaker 1: I would agree that to a plan to, say, phase
• 6:12
  Speaker 1: out Social Security over the next 25 years, even knowing
• 6:16
  Speaker 1: that if we put that plan in place right now,
• 6:17
  Speaker 1: it would mean that the system will end right at
• 6:21
  Speaker 1: the moment when I would start drawing a check. The
• 6:25
  Speaker 1: system is broken. It's not working. It's headed for the
• 6:28
  Speaker 1: edge of a very tall cliff. Something has to be
• 6:30
  Speaker 1: done for the sake of future generations. Again, sacrifices do
• 6:35
  Speaker 1: have to be made by someone at some point. There's
• 6:39
  Speaker 1: no way around it. And I would rather make the
• 6:41
  Speaker 1: sacrifice myself than force my kids to make it. I
• 6:44
  Speaker 1: would take the loss if it meant that my kids
• 6:47
  Speaker 1: and grandchildren aren't subjected to this scam for their entire lives.
• 6:50
  Speaker 1: I just can't for the life of me understand or
• 6:53
  Speaker 1: relate to the older people who don't feel that way
• 6:57
  Speaker 1: and wouldn't be willing to make the sacrifice for the
• 6:59
  Speaker 1: sake of their descendants. It's a totally foreign mentality to me.
• 7:02
  Speaker 1: I find it baffling. Setting my kids up for the
• 7:06
  Speaker 1: future is one of the only things I care about anymore.
• 7:10
  Speaker 1: I understand that for a lot of people, it can
• 7:12
  Speaker 1: be a legitimate challenge to save for retirement on top
• 7:15
  Speaker 1: of raising a family. But if the choice is between
• 7:17
  Speaker 1: securing your own retirement and ensuring that your children have
• 7:19
  Speaker 1: the chance to live in a stable country that isn't
• 7:22
  Speaker 1: owned by China, how is that a choice at all?
• 7:27
  Speaker 1: How would you decide when you've considered all your options
• 7:29
  Speaker 1: that the appropriate solution is to raise taxes even further
• 7:34
  Speaker 1: on young people, including your own kids? Wouldn't you do
• 7:37
  Speaker 1: everything in your power to make their lives easier if
• 7:40
  Speaker 1: you had the opportunity to do so? Or maybe I
• 7:41
  Speaker 1: should ask it this way. If you had to choose
• 7:45
  Speaker 1: between making your life harder or your children's lives harder,
• 7:52
  Speaker 1: is it not extremely easy to choose the former? Already,
• 7:57
  Speaker 1: Social Security by itself is an enormous burden on young
• 7:59
  Speaker 1: people to a degree that most people don't understand unless
• 8:04
  Speaker 1: they're in this position right now. So let's break this down. Okay.
• 8:07
  Speaker 1: If you're a young person making say 40 grand a year,
• 8:10
  Speaker 1: which is a little bit under the average for someone
• 8:12
  Speaker 1: who's 30 and not college educated. So a lot of
• 8:15
  Speaker 1: people that are around this age are in this boat.
• 8:18
  Speaker 1: So if this is what you're making, you currently pay
• 8:21
  Speaker 1: around 15.3% for the Federal Insurance Contributions Act tax or FICA.
• 8:27
  Speaker 1: And that breaks down to 12.4% for social security and 2.9%
• 8:29
  Speaker 1: for Medicare. So in total, you're out $ 6, 120 per year
• 8:38
  Speaker 1: for FICA taxes. The employee's personal contribution for Social Security
• 8:41
  Speaker 1: is half of the total. His employer, if he has one,
• 8:44
  Speaker 1: covers the rest. So that means every year, the employee
• 8:48
  Speaker 1: with a $ 40, 000 salary is paying $ 2, 480 per year towards
• 8:56
  Speaker 1: Social Security. That's basically a month's pay after taxes. It's
• 9:01
  Speaker 1: a huge amount of money. Okay, this is not a
• 9:05
  Speaker 1: small thing for a lot of young people. This is
• 9:07
  Speaker 1: a major financial hardship for young families. It's potentially the
• 9:12
  Speaker 1: difference between being able to afford a house or not,
• 9:16
  Speaker 1: the difference between being able to pay off your credit
• 9:19
  Speaker 1: card debt or not, the difference between getting a necessary
• 9:22
  Speaker 1: car repair or not. Social Security is an incredibly significant
• 9:28
  Speaker 1: financial burden for young working families. And all to prop
• 9:34
  Speaker 1: up a system that almost certainly won't be there, at
• 9:37
  Speaker 1: least in its current form, when they're older. And all
• 9:40
  Speaker 1: to send checks to retirees who, on average, are much
• 9:43
  Speaker 1: wealthier than they are and who, and this is important,
• 9:46
  Speaker 1: are receiving much, much more from Social Security than they, quote,
• 9:49
  Speaker 1: paid into it. On average, boomers will get paid more
• 9:53
  Speaker 1: than double what they put in, and that's including inflation
• 9:55
  Speaker 1: and interest. In raw dollars, they're getting four to seven
• 9:58
  Speaker 1: times what they put in. And the cost for young families, again,
• 10:03
  Speaker 1: is real ongoing financial distress. I can remember what that
• 10:09
  Speaker 1: was like personally. Social security is no skin off my
• 10:11
  Speaker 1: nose at this point in my life, but I remember
• 10:13
  Speaker 1: very well being at an income level where being able
• 10:15
  Speaker 1: to opt out would have been legitimately life-changing. And on
• 10:22
  Speaker 1: top of that, the Social Security tax caps out after
• 10:24
  Speaker 1: you've earned around $ 184, 000. So high earners, people making hundreds
• 10:29
  Speaker 1: of thousands of dollars a year or more, get to
• 10:32
  Speaker 1: dodge Social Security tax on a significant percentage of their income. Meanwhile,
• 10:37
  Speaker 1: we're making people earning 40 grand a year pay around
• 10:39
  Speaker 1: 6% from every paycheck. It's an insane system. It's not fair.
• 10:46
  Speaker 1: And the thing is, everybody knows it. When I made
• 10:49
  Speaker 1: this argument on X, as you'd expect, I got a
• 10:51
  Speaker 1: lot of replies like this one. This is from a
• 10:54
  Speaker 1: guy who, and I know it sounds cliche, but I'm
• 10:56
  Speaker 1: not making this up, has golf clubs in his profile
• 10:59
  Speaker 1: picture and the words real estate in his X handle.
• 11:03
  Speaker 1: Here's what he says. F you. They made us pay
• 11:06
  Speaker 1: into that system for this guarantee of retirement pay. I
• 11:09
  Speaker 1: would have rather invested the money in the stock market
• 11:12
  Speaker 1: and I'd be much better off. Well, there are a
• 11:16
  Speaker 1: few problems here. First of all, Nobody stopped you from
• 11:19
  Speaker 1: investing in the stock market. If you never did that
• 11:23
  Speaker 1: at any point in your life, that's on you. If
• 11:27
  Speaker 1: we're going to lecture younger people to pull themselves up
• 11:29
  Speaker 1: by their bootstraps and take responsibility for their own choices, fine.
• 11:35
  Speaker 1: But then the same tough love mentality should certainly be
• 11:37
  Speaker 1: applied to adults twice their age. So if you're sitting
• 11:42
  Speaker 1: here saying, oh, I didn't invest in the stock market
• 11:45
  Speaker 1: for my entire life. Well, you could have. Whose choice
• 11:49
  Speaker 1: was that? I mean, how's that any different from a
• 11:52
  Speaker 1: young person who's complaining that, oh, I have terrible student loans?
• 11:57
  Speaker 1: And most older people, especially if they're Republicans, will look
• 12:00
  Speaker 1: at the younger people and say, well, you know, sorry,
• 12:02
  Speaker 1: that was your choice. And I agree with them, by
• 12:04
  Speaker 1: the way. Like, you know, sorry, I know it's tough,
• 12:09
  Speaker 1: but you took that debt out and that's on you.
• 12:13
  Speaker 1: I mean, if we're willing to say that to young
• 12:15
  Speaker 1: people who made a choice when they were like 18,
• 12:19
  Speaker 1: to take on what would turn out to be a
• 12:23
  Speaker 1: really bad investment of a college education for most of them,
• 12:27
  Speaker 1: if we're willing to look at them and say, well, sorry,
• 12:31
  Speaker 1: tough luck, then what's wrong with saying that to someone
• 12:35
  Speaker 1: who's 67 years old? A grown ass adult who's saying, well,
• 12:40
  Speaker 1: but I never invested any money. Maybe you should have.
• 12:46
  Speaker 1: That's exactly what you would say to someone half your age.
• 12:49
  Speaker 1: And do say, what's the difference? Second, if you admit
• 12:54
  Speaker 1: that it's a crappy system, then you should want nothing
• 12:56
  Speaker 1: more than to fix it for the sake of your descendants.
• 13:00
  Speaker 1: But instead, it sounds like you want to get whatever
• 13:03
  Speaker 1: you can out of it and leave your grandchildren holding
• 13:05
  Speaker 1: the bag. And meanwhile, your generation spent decades voting exclusively
• 13:09
  Speaker 1: for politicians who would prop up the very, quote, system
• 13:12
  Speaker 1: that you're now complaining about. Again, where does personal responsibility
• 13:17
  Speaker 1: factor in here? There was also this response, which was
• 13:21
  Speaker 1: less vulgar, but still outlandish in its own way. And
• 13:23
  Speaker 1: I'm reading this because it's fairly representative of the kinds
• 13:26
  Speaker 1: of feedback you get anytime you try to talk about
• 13:28
  Speaker 1: solving the Social Security problem. Anytime you try to even
• 13:33
  Speaker 1: broach the subject, you get hissy fits, you get temper
• 13:36
  Speaker 1: tantrums from grown people. That's what you get. And that's
• 13:41
  Speaker 1: what this is. Usually I agree with you, and I'm
• 13:44
  Speaker 1: a staunch Republican, but if you take away my Social Security,
• 13:46
  Speaker 1: I'm a Democrat for the first time in my life.
• 13:49
  Speaker 1: I spent my entire life planning for retirement with Social Security,
• 13:52
  Speaker 1: a major part of it, and paid into the systems
• 13:54
  Speaker 1: as a young person so the older generation could have
• 13:56
  Speaker 1: some support. I'll make a deal with you, pay me
• 13:58
  Speaker 1: back every penny I put into it and every penny
• 14:00
  Speaker 1: my employers put into it on my behalf at 5% interest,
• 14:04
  Speaker 1: and you can take away the monthly checks. Okay, so
• 14:07
  Speaker 1: he's willing to make a deal as long as the
• 14:08
  Speaker 1: deal involves paying him all of his benefits. This is
• 14:11
  Speaker 1: the extent to which many older people are willing to
• 14:13
  Speaker 1: offer concessions of Social Security. They'll make a deal as
• 14:15
  Speaker 1: long as the deal involves giving them everything they want
• 14:17
  Speaker 1: up front and making sure they have to sacrifice not
• 14:21
  Speaker 1: one single dime. Even while 89% of them are saying, absolutely,
• 14:25
  Speaker 1: I think younger people should have to sacrifice their money.
• 14:30
  Speaker 1: It's just a morally abhorrent position. I'm sorry, it just is.
• 14:34
  Speaker 1: And if they don't get what they want, as you
• 14:35
  Speaker 1: just heard, they'll vote for communists who want to burn
• 14:38
  Speaker 1: down the country that their grandchildren will have to inherit?
• 14:42
  Speaker 1: Who are you punishing? You're going to punish your own descendants?
• 14:45
  Speaker 1: You're going to let terrorists who plan to open the
• 14:49
  Speaker 1: borders release all the criminals and destroy the United States
• 14:52
  Speaker 1: as we know it? Solely to protect your retirement? This
• 14:58
  Speaker 1: is childish and petulant and outrageously selfish. Demanding that the
• 15:02
  Speaker 1: government steal from young people the way it stole from you.
• 15:05
  Speaker 1: I mean, admitting that it's theft. Well, they took from me.
• 15:09
  Speaker 1: So they got to take from these kids. Threatening to
• 15:14
  Speaker 1: destroy everything if they don't do that. It's such an
• 15:16
  Speaker 1: abhorrent position that I'm surprised people aren't too embarrassed to
• 15:20
  Speaker 1: say it publicly. But this is a common sentiment. You know,
• 15:25
  Speaker 1: according to this guy, he spent his entire life planning
• 15:27
  Speaker 1: for retirement with Social Security as a major part of it.
• 15:29
  Speaker 1: And to be fair, you know, there are probably many
• 15:32
  Speaker 1: people in that boat. I get it. This is where
• 15:35
  Speaker 1: I go back to the younger people who have college debt. Yeah,
• 15:39
  Speaker 1: you're in a tough spot. I get it. Like that
• 15:40
  Speaker 1: was a mistake, though. You should not have planned your
• 15:43
  Speaker 1: whole retirement around a government program. Okay, that was a mistake.
• 15:47
  Speaker 1: You shouldn't have done that. It was a very foolish decision.
• 15:53
  Speaker 1: There was never any guarantee that Social Security would remain
• 15:55
  Speaker 1: solvent for any significant period of time. Everyone knew it
• 15:59
  Speaker 1: was a government program administered by incompetent government bureaucrats. And
• 16:04
  Speaker 1: no matter how much you paid into the system, you
• 16:06
  Speaker 1: were never allowed to log into any account and see
• 16:09
  Speaker 1: your balance in That should have been your first clue.
• 16:11
  Speaker 1: That was your big clue that, in fact, you had
• 16:14
  Speaker 1: not paid into anything. Your money was gone. And the
• 16:18
  Speaker 1: moment you realized that, you should have started planning for
• 16:21
  Speaker 1: your retirement on your own without depending in any way
• 16:23
  Speaker 1: on Social Security. And before you start ranting that it's unfair,
• 16:27
  Speaker 1: I agree. But this is exactly the position that young
• 16:30
  Speaker 1: people today are in. They are having their money taken
• 16:34
  Speaker 1: from them for a system that they know probably won't
• 16:38
  Speaker 1: be there for them. And that if you're an older person,
• 16:40
  Speaker 1: you also know, you damn well know that this probably
• 16:44
  Speaker 1: won't be here for the younger people. But you're not
• 16:47
  Speaker 1: going to be around when that happens. And so younger people,
• 16:51
  Speaker 1: they know that they have to plan for their retirement separately.
• 16:56
  Speaker 1: How can you expect young people to do that for
• 16:58
  Speaker 1: themselves while at the same time getting angry when younger
• 17:01
  Speaker 1: people ask you why you didn't do that for yourself?
• 17:03
  Speaker 1: And If you did do that for yourself, well, then again,
• 17:07
  Speaker 1: why should younger people be forced to finance a retirement
• 17:09
  Speaker 1: that you already financed? Now, yes, it's wrong for the
• 17:13
  Speaker 1: government to steal your money and give you an IOU
• 17:15
  Speaker 1: in return, which is basically what Social Security is, but
• 17:18
  Speaker 1: that's what happened. That's what happened. And if you pretended otherwise,
• 17:24
  Speaker 1: then you made a very serious mistake. The question is,
• 17:28
  Speaker 1: who should have to pay for that mistake? Should a
• 17:31
  Speaker 1: young worker making 40 grand a year have to pay
• 17:35
  Speaker 1: for it, for your mistake. And when you consider that collectively,
• 17:38
  Speaker 1: the older generation spent many decades voting exclusively for politicians
• 17:42
  Speaker 1: who would prop up this failing system, it becomes hard
• 17:46
  Speaker 1: to see them as a victim of it. You could
• 17:48
  Speaker 1: have fixed the problem, or at least tried to fix it,
• 17:52
  Speaker 1: but you didn't. You didn't even try. I mean, in fact,
• 17:55
  Speaker 1: like for decades, if any politician has even mentioned a
• 17:59
  Speaker 1: word about making any changes to the system, you screamed
• 18:03
  Speaker 1: at them and voted them out of office or threatened to.
• 18:06
  Speaker 1: When you own a home, you must know that eventually
• 18:09
  Speaker 1: something expensive is going to break. You don't know what
• 18:12
  Speaker 1: it'll be and you don't know when it will happen.
• 18:14
  Speaker 1: Maybe the water heater goes out. Maybe the furnace decides
• 18:17
  Speaker 1: that the coldest day of the year is the ideal
• 18:19
  Speaker 1: time to stop functioning. I think it's crucial to have
• 18:21
  Speaker 1: a plan for that before you're standing in your house
• 18:24
  Speaker 1: with no hot water, desperately calling repair companies and discovering
• 18:28
  Speaker 1: exactly how expensive home ownership can become. That's why homeowners
• 18:32
  Speaker 1: should know about HomeServe. HomeServe offers home protection plans for
• 18:36
  Speaker 1: different systems in your house, including options for things like plumbing, heating,
• 18:39
  Speaker 1: electrical systems, and water heaters. Regular homeowners insurance often doesn't
• 18:43
  Speaker 1: cover the normal wear and tear that can lead to
• 18:45
  Speaker 1: these kinds of breakdowns. Plans start at just $ 4. 99 a month.
• 18:48
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  Speaker 1: it could swing key states in the 2026 election to
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  Speaker 1: the Democrats and everyone listening knows every single ultra far
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  Speaker 1: left Democrat socialist will be showing up to vote this fall.
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  Speaker 1: Democrats are fired up and we can't let them win
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  Speaker 1: because if we lose, they'll undo everything our movement has
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  Speaker 1: fought for. I need you to vote early so that
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  Speaker 1: left's turnout machine. If you live in the critical Senate
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  Speaker 1: underway starting this week. Go to GOPvotes.org right now and
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  Speaker 1: Go to GOPvotes.org today. Paid for by SLF PAC, not
• 20:28
  Speaker 1: authorized by any candidate or candidates committee. As a practical
• 20:33
  Speaker 1: political matter, I'll concede that it's extremely unlikely, verging on impossible,
• 20:39
  Speaker 1: that either party is ever going to reform Social Security,
• 20:41
  Speaker 1: much less end it, which is what needs to happen.
• 20:46
  Speaker 1: But it's not going to happen. I know that. This
• 20:48
  Speaker 1: is a political dead end for exactly the reason that
• 20:50
  Speaker 1: this guy states. There's a substantial number of people who
• 20:53
  Speaker 1: will vote against any political party that touches Social Security
• 20:56
  Speaker 1: in any way. We're not just talking about ending it.
• 21:00
  Speaker 1: Any attempt to reform it at all, to make it
• 21:03
  Speaker 1: potentially solvent or to make it so that it will
• 21:06
  Speaker 1: still be around maybe decades from now, any attempt to
• 21:09
  Speaker 1: do that is met with fury. Retirees become like BLM.
• 21:16
  Speaker 1: It's like, we're going to burn everything down. Even if
• 21:22
  Speaker 1: we're hurting our own kids, we're going to do it.
• 21:26
  Speaker 1: When George W. Bush tried to privatize the system, it
• 21:29
  Speaker 1: was a political disaster that was shot down within 60 days.
• 21:32
  Speaker 1: But his proposal was highly sensible and actually pretty moderate,
• 21:37
  Speaker 1: all things considered. He didn't want to shut down Social
• 21:40
  Speaker 1: Security altogether at all. What Bush wanted to do was
• 21:43
  Speaker 1: allow younger workers to divert 4% of their payroll taxes
• 21:48
  Speaker 1: from Social Security and into an individual personal account. that
• 21:52
  Speaker 1: they controlled. And the personal account would work like a 401k.
• 21:55
  Speaker 1: You could choose from a limited number of investments, mostly
• 21:57
  Speaker 1: tracking the total stock market. In exchange, the workers guaranteed
• 22:00
  Speaker 1: social security benefits, which are invested in treasury securities with
• 22:03
  Speaker 1: a much smaller return, would be reduced proportionally. And meanwhile,
• 22:06
  Speaker 1: the government would have to borrow around $ 2 trillion over
• 22:09
  Speaker 1: 10 years to make up for the shortfall of money
• 22:11
  Speaker 1: going into social security through normal contributions. That seemed shockingly
• 22:16
  Speaker 1: high to people at the time, but now we routinely
• 22:17
  Speaker 1: run deficits of that size every single year. Assuming the
• 22:21
  Speaker 1: stock market account grew at a rate of inflation, you know,
• 22:23
  Speaker 1: plus 3%, workers would benefit from this new system. And otherwise,
• 22:28
  Speaker 1: if the market's underperformed, it would cost them money in retirement.
• 22:31
  Speaker 1: So here's how he tried to sell the plan to
• 22:33
  Speaker 1: the public all the way back over 20 years ago. Listen.
• 22:37
  Speaker 1: The government has made a commitment, and you have.
• 22:40
  Speaker 2: Made your plans. These promises will be honored.
• 22:44
  Speaker 3: George Bush's plan strengthens Social Security. It guarantees everyone at
• 22:48
  Speaker 3: or near retirement every dollar of their benefits, no cuts
• 22:52
  Speaker 3: in Social Security. And the Bush plan gives younger workers
• 22:55
  Speaker 3: the choice to put a small part of their Social
• 22:58
  Speaker 3: Security in sound investments they control for higher returns.
• 23:02
  Speaker 2: This generation will save Social Security.
• 23:05
  Speaker 1: Now, that was right before Hurricane Katrina hit, which distracted
• 23:10
  Speaker 1: everyone and killed the proposal for good. But there was
• 23:13
  Speaker 1: no chance it was going to succeed anyway. The unions
• 23:15
  Speaker 1: and the AARP opposed it, mainly because their members didn't
• 23:19
  Speaker 1: understand how the stock market worked. And Bush's poll numbers
• 23:23
  Speaker 1: began to tank as Democrats convinced seniors that they lose
• 23:25
  Speaker 1: all their money. So the program never even made it
• 23:28
  Speaker 1: to a congressional vote. This is one of the reasons
• 23:31
  Speaker 1: everyone talks about, oh, we need real solutions. It's one
• 23:33
  Speaker 1: of the reasons why real solutions don't happen. Because on
• 23:35
  Speaker 1: the rare occasion where anyone in a position of power
• 23:38
  Speaker 1: actually proposes something that might be some kind of solution,
• 23:42
  Speaker 1: might have some kind of effect on a major problem,
• 23:47
  Speaker 1: they get screamed out of the room. That's what happens.
• 23:53
  Speaker 1: And Bush shifted his focus to Hurricane Katrina and no
• 23:57
  Speaker 1: one talked about the proposal ever again. And that's too
• 23:58
  Speaker 1: bad because it's very clear that workers would have much
• 24:01
  Speaker 1: more money for retirement today if this proposal had passed.
• 24:04
  Speaker 1: And crucially, That's money that they would actually own. Imagine
• 24:09
  Speaker 1: a worker in his 20s making 40 grand a year
• 24:11
  Speaker 1: who began participating in Bush's program and it became available
• 24:13
  Speaker 1: in 2005, if it ever did. The market crashed in
• 24:16
  Speaker 1: 2008 and then it recovered a few years later and
• 24:18
  Speaker 1: went on a 15-year bull run. With Social Security alone,
• 24:22
  Speaker 1: he'd get a check for around 2,500 a month when
• 24:24
  Speaker 1: he retires. Under Bush's system, his monthly Social Security check
• 24:27
  Speaker 1: would be reduced to around 2,000 a month, but he'd
• 24:30
  Speaker 1: have something like 300 grand in a personal retirement account
• 24:34
  Speaker 1: that he controls. That's a massively better position to be in.
• 24:38
  Speaker 1: It's a better system. We could have had that system.
• 24:43
  Speaker 1: But the mass of voters at the time, including especially
• 24:47
  Speaker 1: older people, retired people, didn't want it, wouldn't have it,
• 24:50
  Speaker 1: wouldn't even consider it. And if you were in that position,
• 24:54
  Speaker 1: he could safely withdraw 4% from their retirement account every year,
• 24:57
  Speaker 1: which more than makes up the difference in social security payments.
• 25:00
  Speaker 1: And the kicker is that when he dies, He can
• 25:02
  Speaker 1: pass that money to his family. It's generational wealth. On
• 25:05
  Speaker 1: the other hand, when you die, all of the money
• 25:08
  Speaker 1: you supposedly paid in to Social Security is gone forever.
• 25:12
  Speaker 1: Your spouse can collect your benefit until they die, but
• 25:14
  Speaker 1: after that, no one will ever get that money. It's
• 25:16
  Speaker 1: just gone. It's just gone because it's already gone because
• 25:20
  Speaker 1: you never actually paid into anything in the first place.
• 25:26
  Speaker 1: And again, Bush's plan was very modest. You could only
• 25:28
  Speaker 1: put 4% in a private account and only with certain restrictions.
• 25:31
  Speaker 1: If people were simply allowed to put all of their
• 25:33
  Speaker 1: Social Security tax, including employer match, into a retirement account,
• 25:37
  Speaker 1: which is obviously what the system should be, starting at
• 25:40
  Speaker 1: age 18 and retiring at 65, then they'd retire with
• 25:43
  Speaker 1: around $ 3 million based on historical market returns. Pretty much
• 25:47
  Speaker 1: everybody with a job would be a millionaire. It's astonishing
• 25:50
  Speaker 1: to think about, but it's true. These better ideas and
• 25:55
  Speaker 1: better systems were available and had been proposed before Bush
• 26:00
  Speaker 1: and since. But boomers nearly unanimously opposed all of them,
• 26:05
  Speaker 1: which is why, again, it's a little hard to stomach
• 26:07
  Speaker 1: the claim that they were scammed by the system and
• 26:10
  Speaker 1: now we have to keep it intact so they get
• 26:12
  Speaker 1: paid out because, you know, fair is fair. Yeah, they
• 26:14
  Speaker 1: were scammed, sure, but for the most part, they categorically
• 26:20
  Speaker 1: opposed any effort at all to fix the scam. Bush's
• 26:24
  Speaker 1: doomed Social Security reform was merely a last-ditch effort to
• 26:27
  Speaker 1: fix a problem that that boomers and their predecessors created
• 26:31
  Speaker 1: over a period of many years. This is something people
• 26:33
  Speaker 1: don't talk about anymore, but it's important to go into
• 26:35
  Speaker 1: some detail here so that you fully understand how older
• 26:38
  Speaker 1: generations have sabotaged the economic prospects of young people in
• 26:42
  Speaker 1: this country and why they did it. I know when
• 26:45
  Speaker 1: we talk about this, it's generational warfare. It's not generational warfare.
• 26:50
  Speaker 1: It's just history. This is what actually happened. And when
• 26:54
  Speaker 1: you see that, you'll see why it's necessary to take
• 26:56
  Speaker 1: decisive action to reverse the damage that they've done. But
• 27:00
  Speaker 1: we can't do that unless we're willing to talk about
• 27:02
  Speaker 1: the damage was. And I'm sorry if that's, you know,
• 27:04
  Speaker 1: if that's going to be offensive to some people, but
• 27:06
  Speaker 1: that's just that's just it. I'm sorry. Some really, really
• 27:08
  Speaker 1: terrible decisions were made. And in fact, these were decisions
• 27:12
  Speaker 1: that were made by, you know, not made by young
• 27:16
  Speaker 1: people today. They weren't around for it. And a lot
• 27:20
  Speaker 1: of young people are making their own bad decisions, but
• 27:21
  Speaker 1: not these. Finding a t-shirt that looks good, feels well-made,
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• 29:55
  Speaker 1: the 1960s, at the height of the civil rights movement,
• 29:57
  Speaker 1: LBJ's Great Society and, quote, War on Poverty, created massive
• 30:01
  Speaker 1: entitlement programs, including Medicare and Medicaid, which provided health care
• 30:05
  Speaker 1: to the elderly and the poor, respectively. The SNAP or
• 30:07
  Speaker 1: Food Stamp program was also created, along with the Department
• 30:09
  Speaker 1: of Housing and Urban Development, which funneled billions of dollars
• 30:12
  Speaker 1: towards public housing, rental assistance, vouchers, and so on. Then
• 30:16
  Speaker 1: there was the massive expansion of the public sector, where
• 30:18
  Speaker 1: the government went out of its way to create jobs
• 30:20
  Speaker 1: for Black workers, from the postal service to the DMV
• 30:23
  Speaker 1: to the transit system to those random unmarked government office
• 30:27
  Speaker 1: buildings where you wonder what anyone does there. The answer
• 30:30
  Speaker 1: is they don't do anything. All of this was on
• 30:32
  Speaker 1: top of Social Security, which was created decades earlier. Now,
• 30:35
  Speaker 1: none of this happened. We would not have any national
• 30:41
  Speaker 1: debt today. We'd have a massive government surplus. We would
• 30:44
  Speaker 1: have saved trillions of dollars every few years going back decades.
• 30:48
  Speaker 1: And on top of that, We wouldn't have had to
• 30:50
  Speaker 1: make any interest payments on our debt, which have compounded
• 30:53
  Speaker 1: for so long that these interest payments now exceed our
• 30:56
  Speaker 1: annual defense budget. What does this mean in practice? Well,
• 30:58
  Speaker 1: with a massive national surplus, we could have eliminated or
• 31:02
  Speaker 1: reduced income and payroll taxes for most Americans. We could
• 31:06
  Speaker 1: have done that. We could have no income tax. We
• 31:08
  Speaker 1: could have issued an annual dividend to everyone to make
• 31:11
  Speaker 1: it easier to buy a home or start a business.
• 31:12
  Speaker 1: We could have invested in our own country to an
• 31:14
  Speaker 1: unprecedented degree, but in the name of civil rights and
• 31:17
  Speaker 1: attempting to integrate black Americans with the rest of society,
• 31:21
  Speaker 1: And the interests of, you know, waging a quote unquote
• 31:23
  Speaker 1: war on poverty. LBJ and the Democrats created all of
• 31:27
  Speaker 1: these massive programs. And here's the key point. When the
• 31:30
  Speaker 1: opposition party, quote unquote, took over, instead of scaling these
• 31:35
  Speaker 1: programs back or finding some way to pay for them,
• 31:38
  Speaker 1: namely by raising taxes, if you're going to keep them
• 31:41
  Speaker 1: and pay for them, that's the only way to do it.
• 31:43
  Speaker 1: They kept everything intact. Ronald Reagan won landslide victories by
• 31:47
  Speaker 1: promising tax cuts without any meaningful reduction in government spending
• 31:50
  Speaker 1: on all of these welfare programs. He explicitly promised to
• 31:53
  Speaker 1: keep the social safety net for the elderly and the
• 31:56
  Speaker 1: boomers were thrilled. They got more money in their paychecks
• 31:59
  Speaker 1: and in the immediate aftermath, all of the major economic
• 32:01
  Speaker 1: indicators turned positive for a time. This was Reagan in 1985,
• 32:07
  Speaker 1: taking a very premature victory lap.
• 32:10
  Speaker 2: Listen. In 1981, Our critics charge that letting you keep
• 32:14
  Speaker 2: more of your earnings would trigger an inflationary explosion, send
• 32:19
  Speaker 2: interest rates soaring, and destroy our economy. Well, we cut
• 32:24
  Speaker 2: your tax rates anyway by nearly 25%. And what that
• 32:28
  Speaker 2: helped trigger was falling inflation, falling interest rates, and the
• 32:32
  Speaker 2: strongest economic expansion in 30 years.
• 32:36
  Speaker 1: Now, what Reagan doesn't mention here is that by 1985,
• 32:40
  Speaker 1: federal receipts had dropped to 17.2% of GDP compared to
• 32:44
  Speaker 1: 19% in 1981. So the government was taking in much
• 32:47
  Speaker 1: less money relative to the size of the economy. And meanwhile,
• 32:50
  Speaker 1: federal spending was going up, creating a very large deficit
• 32:53
  Speaker 1: of 5% of GDP. So our economy was expanding, yet
• 32:56
  Speaker 1: the federal government was still running a huge deficit. The
• 32:59
  Speaker 1: budget was not remotely balanced. And then just one year later,
• 33:02
  Speaker 1: Reagan poured gas on the fire. signing an amnesty bill
• 33:05
  Speaker 1: that granted a pathway to legal status for millions of
• 33:07
  Speaker 1: illegal aliens. He claimed it would ultimately reduce illegal migration,
• 33:11
  Speaker 1: but of course it accomplished the exact opposite result. Foreigners
• 33:14
  Speaker 1: realized the U.S. government would reward them for invading our country,
• 33:17
  Speaker 1: that we didn't have the willpower to deport them. So
• 33:20
  Speaker 1: in just a few years, low-income Mexicans took over large
• 33:23
  Speaker 1: portions of California, which as a result, will never again
• 33:26
  Speaker 1: elect a Republican like Ronald Reagan. In addition to permanently
• 33:30
  Speaker 1: changing the landscape of American politics, This demographic transformation put
• 33:36
  Speaker 1: millions more people on our welfare rolls and the deficit
• 33:39
  Speaker 1: continued to grow. Ronald Reagan would then become, of course,
• 33:43
  Speaker 1: deified by future generations of Republicans and disgust among conservatives
• 33:48
  Speaker 1: with the same reverence we have for George Washington, even
• 33:51
  Speaker 1: though the fact is he helped to bankrupt the country
• 33:53
  Speaker 1: and he kick-started the illegal immigration crisis that has destroyed
• 33:57
  Speaker 1: countless lives. As Christopher Caldwell writes in his book, The
• 34:01
  Speaker 1: Age of Entitlement, quote, from an actuarial and from a
• 34:04
  Speaker 1: human capital perspective, the quarter century after Ronald Reagan's election
• 34:07
  Speaker 1: should have been the easiest time to balance the budget
• 34:09
  Speaker 1: in the history of the public. The entirety of the
• 34:12
  Speaker 1: vast baby boom generation, making up 38% of the population,
• 34:15
  Speaker 1: was in its productive years. There were relatively few retirees
• 34:18
  Speaker 1: and dependent children to tend to. The country was, until
• 34:20
  Speaker 1: the Iraq War after 2003, at peace. It set the
• 34:23
  Speaker 1: rules for the global economy. But since baby boomers were
• 34:26
  Speaker 1: due to leave the workforce between 2010 and 2030... big
• 34:29
  Speaker 1: obligations for Social Security and Medicare loomed. These would go unmet.
• 34:34
  Speaker 1: Instead of meeting those obligations, the boomers and Reagan Republicans
• 34:37
  Speaker 1: chose the path of least resistance. Quote, the borrowing party
• 34:41
  Speaker 1: power of the baby boom generation was invested in avoiding
• 34:43
  Speaker 1: the choices that the confrontations of the 1960s had placed
• 34:46
  Speaker 1: before the country. We should understand the great society as
• 34:49
  Speaker 1: the institutional form into which the civil rights impulse hardened,
• 34:53
  Speaker 1: a transfer from whites to blacks of the resources necessary
• 34:55
  Speaker 1: to make desegregation viable. Desegregation was, The most massive undertaking
• 35:00
  Speaker 1: of any kind in the history of the United States,
• 35:01
  Speaker 1: like any massive undertaking, required endurance, patience, and prohibitive expense.
• 35:05
  Speaker 1: Almost everyone who did not benefit from it was going
• 35:08
  Speaker 1: to be made poor by it. The best evidence we
• 35:10
  Speaker 1: have is that it was too much for most Americans
• 35:13
  Speaker 1: from the beginning. The rhetoric that brought Reagan to landslides was,
• 35:16
  Speaker 1: among other things, a sign that Americans were unwilling to
• 35:19
  Speaker 1: bankroll with their taxes the civil rights and welfare revolution
• 35:23
  Speaker 1: of the 1960s and the social change it brought in
• 35:25
  Speaker 1: its train. So the boomers simply enacted tax cuts without
• 35:29
  Speaker 1: cutting entitlements and government spending. The tax cuts, Caldwell writes,
• 35:33
  Speaker 1: provided a golden parachute for the white middle class, allowing
• 35:36
  Speaker 1: it for one diluted generation to recreate with private resources
• 35:41
  Speaker 1: a Potemkin version of the old order. Now what? Well,
• 35:46
  Speaker 1: people who weren't even born when these decisions were being
• 35:48
  Speaker 1: made now have to pay for those decisions. This is
• 35:53
  Speaker 1: generational theft at scale. Quote, by 1989, the year Reagan
• 35:58
  Speaker 1: left office, according to an estimate by the economist Roy H.
• 36:01
  Speaker 1: Webb of the Federal Reserve Bank of Richmond, the government's
• 36:04
  Speaker 1: unfunded liabilities, mostly for Social Security, Medicare, and veterans benefits,
• 36:08
  Speaker 1: had reached $ 4 to $ 5 trillion and would rise exponentially
• 36:14
  Speaker 1: if nothing were done. Nothing was done. By the time
• 36:17
  Speaker 1: of the 2016 election, a calculation of those liabilities, similar
• 36:20
  Speaker 1: to Webb's, ran to at least $ 135 trillion. Ten years later,
• 36:27
  Speaker 1: some estimates peg those liabilities at over $ 200 trillion. And
• 36:33
  Speaker 1: while no politician wants to talk about a solution to
• 36:35
  Speaker 1: this problem because it would destroy their political future, I'm
• 36:40
  Speaker 1: not running for office. So here's the truth. A lot
• 36:45
  Speaker 1: of the online boomer hate is cliched and undeserved. Hating
• 36:49
  Speaker 1: or scapegoating an entire generation is a ridiculous practice and
• 36:52
  Speaker 1: certainly unhelpful. There are plenty of boomers who are great people.
• 36:55
  Speaker 1: My parents are boomers. They're great people. But that doesn't
• 36:57
  Speaker 1: change the fact that taking huge chunks out of the
• 37:00
  Speaker 1: paychecks of young working Americans in order to pay for
• 37:04
  Speaker 1: the retirements of older Americans who have a net worth
• 37:07
  Speaker 1: several times higher and who elected the politicians who bankrupted
• 37:12
  Speaker 1: the country, all to prop up a system that everyone
• 37:15
  Speaker 1: knows likely won't be there when those younger people are
• 37:18
  Speaker 1: retirement age themselves, is morally abhorrent. and economically insane. Everyone
• 37:25
  Speaker 1: knows it. But we're held hostage by elderly politicians who
• 37:28
  Speaker 1: refuse to surrender power and older voters who, as a group,
• 37:33
  Speaker 1: with exceptions, obviously, simply don't care enough about the financial
• 37:38
  Speaker 1: and cultural future their grandchildren will inherit. And here's the
• 37:41
  Speaker 1: other truth that I mentioned before, but I'm going to reiterate.
• 37:43
  Speaker 1: On average, boomers are getting paid more from Social Security
• 37:47
  Speaker 1: than they ever, quote, paid into it. A lot more. Like, double.
• 37:50
  Speaker 1: And that's counting inflation and interest. In particular, low earners
• 37:53
  Speaker 1: and couples with only one breadwinner receive benefits that are
• 37:56
  Speaker 1: many times greater than their contributions via taxes. In raw dollars,
• 38:00
  Speaker 1: they'll get, again, four to seven times what they paid in.
• 38:03
  Speaker 1: And if they're married with spouses who never worked a
• 38:06
  Speaker 1: day in their lives or paid any payroll taxes at all,
• 38:08
  Speaker 1: those spouses are getting up to 50% of the benefit
• 38:11
  Speaker 1: as well. And all the while, Younger workers who cannot
• 38:15
  Speaker 1: afford to keep this system afloat are being forced to
• 38:18
  Speaker 1: do so anyway, even as they struggle to afford what
• 38:20
  Speaker 1: should be the basic features of life in the most
• 38:22
  Speaker 1: powerful country in the world, features like a house and
• 38:24
  Speaker 1: a little bit of a property, you know, and a car.
• 38:28
  Speaker 1: So we have a problem, a massive problem. Something has
• 38:31
  Speaker 1: to be done. We have to start somewhere. And here's
• 38:35
  Speaker 1: one compromise that would at least stave off insolvency and
• 38:38
  Speaker 1: save billions. What if You get back what you paid in,
• 38:44
  Speaker 1: quote unquote, but no more. Young, struggling families will not
• 38:48
  Speaker 1: be forced to finance a 250% return on your, quote, investment.
• 38:55
  Speaker 1: And that seems reasonable, doesn't it? I mean, it doesn't
• 38:57
  Speaker 1: go nearly as far as I would like, but it's
• 39:00
  Speaker 1: a compromise, a fair compromise. It negates any claim that
• 39:03
  Speaker 1: you didn't get the money back that you, quote unquote,
• 39:05
  Speaker 1: paid in. And it will resolve the most pressing problem,
• 39:08
  Speaker 1: which is that we are running out of money. Not
• 39:10
  Speaker 1: just for Social Security, but for everything. And yet, I
• 39:15
  Speaker 1: suspect that this compromise will not be satisfactory. Why is that? Well,
• 39:21
  Speaker 1: because this debate actually has nothing to do with getting
• 39:24
  Speaker 1: back what you paid in. The real demand is for
• 39:28
  Speaker 1: a lot more than that. As that poll from Cato demonstrates,
• 39:31
  Speaker 1: the real demand for many older, on average wealthier Americans
• 39:35
  Speaker 1: is to extract as many resources as they can, even
• 39:39
  Speaker 1: if those resources come from young people who cannot afford
• 39:43
  Speaker 1: to pay anymore. What's so insidious about entitlements is that
• 39:48
  Speaker 1: no one ever under any circumstances, wants to give them up.
• 39:54
  Speaker 3: Ever.
• 39:55
  Speaker 1: And Social Security is no exception. But at the risk
• 39:59
  Speaker 1: of disappointing the folks who have made casinos very happy
• 40:02
  Speaker 1: on Wednesdays, the unavoidable fact is that sooner or later,
• 40:06
  Speaker 1: this particular entitlement will come to an end. Will. It
• 40:10
  Speaker 1: has to. The only choice now is whether it ends
• 40:13
  Speaker 1: in financial disaster for the entire country, or in a
• 40:17
  Speaker 1: deliberate phased wind down that gives your children the same
• 40:20
  Speaker 1: opportunity you had, which is the chance to save money,
• 40:23
  Speaker 1: buy a home, and start a family that one day
• 40:26
  Speaker 1: will do the honorable thing and pass its wealth down
• 40:30
  Speaker 1: to the next generation. That'll do it for the show today.
• 40:34
  Speaker 1: Thanks for watching. Thanks for listening. Talk to you tomorrow.
• 40:36
  Speaker 1: Have a great day. Every significant movement in history has
• 40:45
  Speaker 1: started with protesting.
• 40:46
  Speaker 3: You're a traitor!
• 40:47
  Speaker 1: Uncle Tom! This is our generation's civil rights!
• 40:49
  Speaker 3: I have no idea what the protest is about.
• 40:51
  Speaker 1: Bingo! Given the current climate, should a figure as polarizing
• 40:55
  Speaker 1: as Clay Saunders even be allowed on campus? Uh, can
• 40:58
  Speaker 1: you hear me okay? Saunders is a close personal friend
• 41:00
  Speaker 1: of Chancellor Freeman. This is a decision I cannot fight.
• 41:03
  Speaker 1: Islam will conquer the West. As-salamu alaykum. Are we paying attention?
• 41:12
  Speaker 1: They've taken over the building. They're downstairs and they've blocked
• 41:14
  Speaker 1: the doors. I seek forgiveness from Allah the Almighty. We
• 41:20
  Speaker 1: cannot run and hide. Mohammed is the messenger of God.
• 41:25
  Speaker 3: There is no God but Allah. What do you say
• 41:30
  Speaker 3: we turn those SOBs.
• 41:32
  Speaker 1: Into a fine red mist? As we move, one man
• 41:36
  Speaker 1: will cover while the other guys go.
• 41:38
  Speaker 3: They call that leap project.
• 41:39
  Speaker 1: Stretch them out and listen. You need a course in
• 41:43
  Speaker 1: safe weapons handling.