Cynical Aries you say that like everyone in this country basically for the last 50 years hasn't had an apathetic attitude about the corruption in government. OUr elected officials are ridiculous in the amount of money they spend on themselves alone. They have most of you so convinced that Donald Trump is the evil enemy that caused every problem we are facing when the truth is the exact opposite. Trump was only in office for 4 years and he came in and was against the status quo, he started firing people that were part of this corrupt machine that was basically every administration since Kennedy was assasinated, that is why he was so targeted by the media. The media was relentless and still is when it comes to Trump people have no idea all that he accomplished. (sorry for the rant in advance) The truth is our nation was on its way to a great economic recovery with 0% inflation and gas at $2.50 a gallon, and Putin would have never attacked the Ukraine if Trump was President, our borders would be secure the list goes on and on and on. All Biden had to do was come into office and do nothing. We were the number one exporter of natural gas in the world and had not bought one barrel of oil from OPEC since sept of 2018 and all of that changed the day Biden took office. Biden reversed all of The last administrations policies out of spite remember he sat there and signed more executive orders than most presidents do in their entire term in one day on jan 20 2021 and that was the moment our economy started to fail, throw in 7 Trillion dollars in new spending to fight the fuckign climate crisis and our lives are forever changed for the worse. Your paycheck is worth 23% less than it was in january of 2020 and Biden did it all on purpose. The crimes Biden has committed are far worse than anything Trump was ever accused of. people need to get that straight. none of this recession had to happen, none of it. Biden has destroyed more jobs than he's created all of his claims and his press secretaries lies that she tells everyday to the American people about how the economy is recovering and how they try to blame Trump for everything that they are actually responsible for is a fuckign joke and they are only fooling those of you that still watch msnbc and think Biden is doing a great job. Those of us who are getting to the truth of matters are getting pissed off. Every american should be calling for this presidents resignation for the catastrophe he has caused at our border alone. Bidens policies have failed and have put every american citizen in danger.
@@RonMoon360 social security is made up of people paying in, how is that socialism? funny thing is it is mostly GOP states which are the takers of welfare and medical support!!
And when you have an uneducated populace that demands free money and stuff. San Francisco is passing a law to give all blacks, over 18, who have lived there 10 years or more, $5 million each! We will not survive this. A new country, or more, will rise from the ashes of this one. Hopefully, it will be better.
The people who run the Government, are more like High School kids with a wallet full of credit card, with not a care in the world as to who is paying for their childish spending. If they can't do their jobs honestly, then they need to be removed from their jobs with out any questions.
It would be nice if people voted with this in mind, but they vote based on their feelings. Who's going to make me feel good and encourage my depraved behavior and lifestyle, who is going to give me free things. Apparently there are more people like that voting than the ones who want a healthy country and economy. I mean look how many people voted for Biden. He is not fit to run a McDonalds, let alone a whole country. That says a great deal about what our country (the people) really want. That is of course if the election was won fairly and honestly?!?!?!
Only the common people will have the financial problems. These elected oned have a lifetime medical insurance and big pensions. Aside from money accumulated from insider trading.
WE CARE BUT YOU WERE ELECTED TO FIX THESE PROBLEMS. THANKS FOR SHOWING UP. MAKE IT MANDATORY FOR CONGRESS TO BE IN THERE SEATS EVERY DAY. WHERE IS EVERYONE?
I've paid all of my life into Social Security and I am well into middle-age. I figure that I'll have to work until I die. It's so uplifting, thinking that I paid into a 401K and lost money, due to crappy US policies. I'm not going to have anything to rely on in my senior years. Meanwhile, the politicians rule the stock market with insider information, and to this day, it still appears that it's okay for them to do it.
it's cheaper to let people die. They all think they will just jump ship when they are done raping our nation for it's opportunity and ruining it for everyone else in the entire country (and others that will be impacted by us being gone).
I'm 62. I thought I'd keep working, but my hearing is bad, and now I've presumably got a partial rotator cuff tear. So much for continuing nursing work! I'm retired.
One big problem with social security sustainability is that when LBJ made SSI part of the general fund, politicians began using it like a slush fund writing I.O.U's in exchange for loans which most of them never repaid when they left office. In essence robbing the American taxpayer.
Social Security is not and never has been part of the "general fund". Society Security taxes can ONLY BE USED TO PAY BENEFITS. That's the law. Money from the Trust Fund can be invested in US Treasury Bonds, and that's where the confusion lies. Because that money then enters the general fund, BUT, just like when you or I invest in bonds, it must be paid back with interest. Except, of course, if the US government goes into default. That's where the risk is to Social Security.
okay like you say I can serve us was just just tell me give me the steps give me the the right way to reach you or reach whatever I want and then I can give you this for real. I don’t wanna keep this situation over my arms and live with this restriction, just I need to someone give it to dan and do the control and that’s it I am that’s only thing I need.
okay do you want to back to the normally I want to to the normally too send me someone oh I don’t know how we can deal with you and give you this $10 bill and that’s it it’s over I wanna back to my regular life that’s it I wanna be free like I feel like in jail now I don’t wanna have this for me. I wanna feel free and you guys want to feel free to with your situation and help the country that said it’s over that’s the only one of the things we have to do.
American workers paid into Social Security as an income insurance for their retirement. The idea was good until Congress decided to “borrow “ from SSI, then Congress decided to give Aliens (illegal or legal) SSI when they were retirement age even though they had not paid into SSI. Then Congress decided to pay for “investigations” out of SSI funds. So now Congress is having to fund SSI even though it was originally intended to be self sustaining. Cease giving away SSI to those who have not paid into it. Cease using SSI for funding anything other than what it was intended for, to pay income dividends to retires who have paid FICA.
Even if nothing was borrowed from Social Security, then inflation alone would have made it unsustainable. The total dollars in Social Security would have to grow at the annual rate of inflation just to be sustainable. For every dollar put in 60 years ago, people have to take about $18 out just to break even. Note: This comment was edited to replace SSI with Social Security.
@@deckape69 Your joking right? We pay that is the tax payers and hard working American citizens SSI and depending on how much you make it can be substantial. That money belongs to the tax paying Americans.
I’m use to living poor and my great grandma still acts like she’s in the Great Depression. Best of luck everyone. Protect those who can’t protect themselves.
I'll be too busy protecting mine. I recommend everyone do the best they can, and those people that were trying to warn you so long ago, that you didn't listen too, stay off their property and don't call them. Even if you are family. Inaction has consequences just like actions do.
me too. SSI hardly pays the rent & utilities, & I live in an RV park. It was either that or nowhere. Getting injured in this country means you lose everything, your home, furnishings, everything; that's when one steak has to be cut up & frozen so you can have a silver dollar size of it once a week. One generic box of crackers needs to last 2 months, & you wesr the same bathrobe until it's full of holes while u scape up enough money to buy a new one. It's sad!
Honestly, I can't protect myself for anything. That's where my wife steps on in and does that for me as best as she can. I will NEVER be used to living poor. Living poor is an eternal HELL-HOLE!!! You try to get on a Kito diet (lots of meat, eggs, raw-milk cheeses, butter, etc.) and you can't because you can't AFFORD any of it! Granted, I personally got lucky (thanks to my wife and family), but almost everyone else are NOT as fortunate! T_T
Ive always lived intentionally poor. No matter how much I make in a year my highest spending is on the hard times to come and what will make it easier on my family and myself. Thanks to my folks who grew up in the depression and fought wwII and Korea, Im ready for nearly anything and can make it on my own without outside help. Feels good.
Holy crap the dude behind him is paying attention, iknow its his assignment, but he's not playing w his phone. He's not disagreeing w his boss. He's not shaking his head, he's not snarling in disbelieve. This is what we're supposed to see. Not bored annoyed and w disagreeing disspicklable looks. Not recording themselves and putting on tiktok. This is what is supposed to look like people
@@yougonnaeatthat9889 Exactly. Charity starts at home. We need to take care of our hard working retirees, fix our roads, healthcare, homelessness, border security, unemployment etc., and balance our budget!!!!!!!!! Only then should we be giving our $ away.
How about stop borrowing from social security? Or how about putting the money borrowed, back? Another question, why isn't welfare ever running out of money? Or how about stop giving yourselves pay raises and put some of that into the social security bank??
The interest he is talking about goes 2 things like Social Security. So when he says doesn't not make sense the answer is yes it does not make sense. Imagine your borrowing money from yourself and you went and you got more Monopoly but you only used it on one thing and which didn't cause inflation. It just ramped-up debt to yourself. It doesn't make sense
I'm not saying inflation isn't a thing I'm saying if we decided to pay 100 trillion dollars pay off the interest, who gets the money? He isn't making sense he's just saying words
Thank you Mr. Schweikert for being such a strong voice for reality in DC.... I hope this new group and help but I fear they are endroctrinated every bit as badly as those before them.... hitting rock bottom seems to be the place we all go before acknowledging we have a problem.... addiction is not only a "drug" problem... it manifests in many forms.
So many times you see this! people get elected for a job & paid good money for it with a retirement setup for them. & yet they just CANNOT show up for work. I think all of this started when Nancy Pelosi start having these folks vote by proxy.
These are the speeches that reps give outside of scheduled vote/debate meetings. There is just someone keeping time at the front. At least these are being recorded. I think prior to C-SPAN they were just transcribed to text.
That's your job, the next time they try to get reelected you have to vote for someone ell's that's the only way to get rid of them, unless you can catch one of them robing a bank on video !
Stop subsidies to electric cars, let the market support that. Do not use tax dollars to pay off college tuition, get a job and pay it off yourself. Support U.S. energy and get away from sending that money over seas. Everyone knows this, just DO IT!
This video is supposed to be a wakeup call, and you guys aren't getting it. Did you watch the video? None of what you're saying here will stop what he is saying will happen in the video. None of it! You MUST, MUST reduce Medicare and Social Security costs - dramatically and soon - or none of this other stuff will matter.
Stop all electric vehicles altogether. They are horrible for the environment and moreover they use slaves including children to dig in the cobalt mines in Africa.
But that can't possibly be true ! My government is telling me there's plenty of money to give free housing, and medical care to all of the millions of new honored guests from south of the border. Just who am I to believe. 🙄
@@chineseducksauce9085 we can’t even find people to hire . Obviously you don’t manage a business or understand how much inflation is employment cost due to shortages of workers. Exactly what jobs are you referring to ? I’m in the agrarian sector but we are hurting in manufacturing and hospitality as well as healthcare. You have to be in a strange location for this to be your issue
My local Government's retirement plan (a state plan) gets audited every year. And if the contributions are not enough or too much to sustain the benefits, the contributions are adjusted accordingly. The State Governmant is prohibited from raiding the funds. Every member of the plan gets sent a yearly accounting of contributions received, interest earned, and benefits paid out. In other words, full transparency. Why can't the federal plan (Social Security) work the same way?
The thing with your retirement plan is: If inflation is not accounted in it, the numbers on this plan mean practically nothing because the number you have at time of payment will be well below the price of living. Inflation will increase regular prices easily a tenfold for everything. See Venezuela: Any plan adjusted just annually is bound to fail if in this year prices skyrocket by 1200%. You simply can't print money so fast it will be devalued
To answer your question about why can't SS work like this? It's because these dirty politicians don't want it to. Then they couldn't "borrow" from it with IOUs that never get paid back. There would then be checks & balances that would prohibit them from using this money.
There's way too many people on the tax payers pay roll. We need to cut drastically the amount of senators & congress members. Each has 100s of staff members. And they still don't represent the citizens that pay them from the hard work we do everyday. 89% don't even show up for work.
Would vote for a lot of money for a FRAUD unit to go after those CHEATING the system.. Legit need , We all feel compasionate toward those , but we SEE it where it's NOT..
Hospitals aren't free in the U.S. Everyone that walks through one, has to be ready to give up their kidney to get out. They overcharge people way too much it's ridiculous. Last visit was $500 for some over the counter tylenol.
I think the huge question that all of us seniors have is, why is SS not going to be solvent, but no one EVER questions why welfare is NEVER under threat of going broke? Part of the problem with SS is that it is paying huge sums to people it was never intended for. It was intended as a retirement plan. But of course, people couldn't pass up the chance for some "free" money. Why were SS funds used to pay for other projects? Again, people can't stand to not spend whatever they can get their hands on. I worked most of my life for my pittance. Congress people can work one term and recieve 10 times the amount. Bugger off! Fix welfare, then we can talk.
Welfare and SS are structured differently. Welfare payments do not come out of a trust fund, SS does. And if you knew American history, you'd realise that SS wasn't designed as a retirement plan. It was only sold as a retirement plan.
The problem is the Ponzi scheme that Social Security always was, simply doesn't have enough new " investors" aka workers to support those getting benefits. Additionally, people for the last 25 or so years have been living longer than ever before. It was never a well thought out or planned system. For those under age 45, their contributions need to be placed in the stock market - over time, even with the ups and downs, the stock market outperforms the pathetic returns of the Soc. Security system at present. That might go a little way toward saving this disastrous system that is heading straight for the iceberg!
Take away medicaid and the freebies the government gives out then we will have more workers. All of the money that they spend on illegals would help to fund Medicare also or the free abortions. It seems like the people who worked their whole life to pay into a program that was supposed to be for their retirement are always the ones who get screwed. The government is very good at screwing the working people.
Put all elected officials on public healthcare, cancel lifetime pension as they are all millionaires after three years. How about all that Ukraine money?
The scary part is the Ukraine money was in billions but we're talking about trillions here. Even if you could get it all back, it wouldn't solve the problem.
What about all that Ukraine money? literally a drop in the bucket compared to the money wasted in Iraq and Afghanistan or the 1.5 trillion dollars spent on the F-35
What about all that Ukraine money? literally a drop in the bucket compared to the money wasted in Iraq and Afghanistan or the 1.5 trillion dollars spent on the F-35
@Axel Foley so not worth stopping.... and Ukraime is just starting US patriot missles with troops to operate and tanks... next our soldiers and battles on US soil. That is the Lefts and UN's apparent plan.
In the sixties there was a huge write up in the paper with them begging for a raise because they said they couldn't afford their housing. At that time, they couldn't give themselves a raise. It had to be voted on by the people. We still don't know what they did to make it possible for them to vote themselves a raise. I suspect they sneaked it through on a bill like they love to do. I don' t understand how that could possibly be legal. I would like for it to be investigated!!!!!!!!!!. I think it should be investigated.
Social Security IS an entitlement by the original definition of the word as it applies to SS legislation. If one never pays anything at all into it (FICA tax) then that person cannot receive it. Medicare is the healthcare component of Social Security and one cannot receive it if one doesn't qualify for receiving Social Security. Medicaid has nothing to do with Social Security and Medicare! You are not alone in your distaste for using the word entitlement. One characteristic of socialism and communism is Newspeak or changing the meaning for words.. Sex never included gender for example. Men could not become women by definition. Recently I listened to oral argument before SCOTUS where the government was arguing that shall was the same as will with some ridiculous advocacy around the word "must." It is the same with corporations being treated as persons. See Citizens v. United. Same with the word citizen. Legal philosophies of original interpretation or traditional meaning of words is being destroyed by creeping newspeak and fake news media. The phenomenon is destroying USA from within. However, your comment has nothing to do with the problem diagnosed so well in this video. Unfortunately the senator is in the distinct minority. USA's leaders, whether politicians, economists, professors or intellectuals, all believe in MMT (Modern Monetary Theory). It has been taught since the late 60s. www.investopedia.com/modern-monetary-theory-mmt-4588060
The government gives ssi to people that has never paid a penny . The government takes from hard working tax payers and give it to the druggie , and the drunk's, they gives them free medicare they get s there medicine free .the drunk's don't. even have to pay a co payment,so tell me how is that fair , the government has been mixed up for years , people that hasn't payed in should not be getting nine hundred to a thousand every month ,on the expense of hard working people
You either have to cut expenses, or increase revenue, or do both. Those are your only options. You can start with cutting out all the wasteful pork belly socialist style spending. Americans may not mind a little tax increase, but not if you continue with the wasteful spending.
actually the only way out is to let a depression happen and ride through it...we are 94 trillion in total debt...we are fubar already...we need to default and let the chips fall where they may or there wont be any options in the future but total collapse and civilization ending in north america
We just need to set term limits, cut government spending, and get used to having less. If you can't afford something, you aren't entitled to it. We have screwed the next couple generations and should have listened to Thomas Jefferson who warned that each generation should be responsible for the debt it incurs. Debt is not a legacy that you leave as an inheritance to the next generation. History is not going to be kind to this generation that allowed Progressive Democratic Socialists to influence our politics and rig elections to keep themselves in power.
Just make more money and continue to give it to the welfare system those who do not work, never have never will and those they continue to bring into the world that are being taught the same. Only this time make it monopoly money.
Probably on the phone soliciting donations for their next reelection, it's a requirement to get committee seats and receive republican caucus campaign monies
HOW MUCH... IS THE PAYROLL COST OF THE STAFF AND CONGRESS, AND JUSTICE DEPARTMENT, WITH THEIR STAFF, AND THE EXECUTIVE BRANCH OF GOVERNMENT, AND THEIR STAFF?? THIS IS ONE THING THAT IS ALWAYS OMITTED IN DISCUSSIONS ABOUT FINANCES. COULD WE GET AN UNDERSTANDING OF THOSE NUMBERS PLEASE. TELL US THE TRUTH ABOUT THESE NUMBERS.
Basically nothing against the size of the national economy. The whole operation costs about $4 billion. Less than the cost of fielding a single destroyer, or a little more than the cost of a single skyscraper. The size of the economy is $25,000 billion.
Did you watch the video??? It's Medicare, Medicaid, and Social Security. .That's it!! If you don't dramatically reduce those now, we will all be in dire straights before too long. The payrolls of staff make zero impact compared to these.
Unfortunately their money is received from a totally different system along with their insurance and retirement. Totally untouchable. Except by someone with a pair like DJT.
Here's an idea, audit the fed and close it, and return to a "gold" standard, and then let's also close down the unconstitutional administrative state, so there goes millions of unnecessary and actually harmful and limiting/preventing competition and self reliance as a country ,and actually have a purchase/flat tax therefore reopening an actual free market, and reestablishing the limited and explicitly defined Government within the CONTRACT of a CONSTITUTIONAL REPUBLIC
Just go to digital currency and have an infinite amount. Oh wait we have that oh, it's called money. A dollar equals a dollar no matter how many dollars exist. 1 Dogecoin equals 1 Dogecoin no matter how many dogecoins exist do you understand the magic
Thank you sir for explaining what most Americans have feared. Unless our current government faces the reality of the math, there will be less than nothing left for our children snd grandchildren. Social Security and Medicare was intended for those who paid into the system, and meant to be self-supporting. The spending blew up when the politicians that were elected to represent the people they served, allowed these funds to be robbed for the benefit of the unscrupulous rather than the citizens who paid for their future security. We have been betrayed and I pray that future statesmen will be able to listen to the truth rather than the doublespeak of the politicians of the Swamp.
You need to click on the description to see the information . “In House floor remarks last Wednesday, Rep. David Schweikert (R-AZ) warned of the dangers of deficit spending and the debt“
You can't explain away taking people's money that was set aside for them from their paychecks; not for illegals or their health care, not for the myriad of corrupt choices. This account was for those who put in and those alone.
Makes you wonder why we ever let them take that money to set it aside? Any average joe can save his own money. Why do we need the government to do it for us? It was created to be a piggy bank the gubbyment could rob. And rob it they did, because that was always the intent.
A really enjoyable watch. I wish people were given that much respect when talking in parliament. Congratulations on mentioning such an important topic and talking so passionately about it.
Love this. I think a requirement for running for office, each candidate should be required to take ECONOMIC CLASSES. Once they are elected, they should be required to take additional classes. These classes should be AVAILABLE TO THE PUBLIC because voters (including me, at times) only see the short term results. We don’t see the deeper consequences so we get frustrated with our politicians. That explains why each election we typically vote for the opposite party than what is in power. The politicians that understand the economics must struggle with “what makes economic sense long term” and what “looks good”
Her point is that it's not required, not that it's not available. We even have to take classes to drive and these people are driving the whole government
@@georgewagner7787 I got her point and I agree with that part. But she also literally said that classes should be available to the public. I just thought I'd point out that education is freely available.
It's always US against THEM.. THEY lord over US , WE grumble , pizzz and moan , vote this one in , that one out and we fight back..DECADES and DECADES of SAME O , SAME O
Yes. Get rid of most of the 3 letter agencies, eliminate all discretionary spending, get rid of all welfare, and make state employees pay into social security. I'm sure most state employees, like here in Colorado, can opt out of federal social security. Once the IRS is gone, enact a consumption tax. This is the only fair tax because everyone will be on even ground for once.
Add 87k new IRS agents with benefits and a pension. No problem! Everyone else is downsizing and here’s the federal govt adding people and spending into perpetuity.
This is a GREAT speech. The problem is that the students of today are not taught to think and cannot comprehend this if they have the willingness to watch it, and not another 20 mins. of a reality show or another game. As I near the end of my life, I am amazed at how indifferent youth is to THEIR future. They still won't pick u[ a book to read, or watch a TV channel the MAY not say what they want to hear. Street interviews show most know nothing that we HAD to know to get through sixth grade. I really have no sympathy for them.
I wouldn't worry too much, sir. Those youths don't have the will or the decision making capabilities to do anything significant. The future of our Republic will be in the hands of the few who have been raised in traditional households, led by the Grace of Almighty God.
That’s all a load of hogwash and echo chambers. This man has painted the clearest picture of our Socio economic problems to date in highly simplistic terms. Clearly it’s yet again the fault of the boomers, granted, through, no fault of their own in this case, because they were simply born into the largest generational cohort, the world has ever seen. This allowed for enormous voting, power, financial power, and soon to be massive financial drain, which the three subsequent generations combined, simply cannot compete with, or overcome. As a Gen X, I fully never expected to see a Social Security check knowing that there would be nothing left after the boomers like locusts would unfortunately gut any financial surplus the government might have even in an optimistic future world. And lo and behold! Sucks but it’s facts. Boomer generation has all the jobs, all the houses, all the money, only just lost its majority control in government (the house only), and continues to mold and shape laws and social structure according to the massive voting power needs of this generation which will be healthcare industry. Our system relies on a one to one replacement capitalist theory in which a younger person pays the older persons Social Security, but with 3 to 1 ratio of young workers to a single boomer generational senior citizen…. The current system cannot work. It will fail. Socio economic changes must occur or we will see our country fall like Rome into the natural devolution of capitalism which is feudalism. Albeit a corporate feudalism most likely.
@@dorianmorris4690 You're very right about that. But the willfully ignorant and emotionally fragile will not rise far, especially if the UBI is implemented. As we hear said over and over, hard times make strong men. (You know how the rest of that cycle goes....) :)
If government would have kept their fingers OUT OF OUR SOCIAL SECURITY then we wouldn’t be in the position we are today!!!! It was a savings account for when we got old and they couldn’t KEEP THEIR HANDS OFF OF IT!!!!
You speak truth boldly, I pray that God continues to strengthen and protect you, to open ears, eyes and minds to hear and see the truth and do what is right.
Thank you Rep. David Schweikert (R-AZ) for caring enough about the American people to tell us the truth regarding our financial future. There should be no anticipated increase in poverty among those who are older and retired. Those people worked so hard most of their lives (if not all) just to pay their bills and put food on the table to feed their families. To treat our seniors in this manner is disgraceful, and so disrespectful!
They would prefer to see us shuttled off never to be seen again once we hit a certain age. From what I observe it's all about the babies not the old people.
When does welfare factor in? People on welfare programs are not necessarily needy. Yes, people on SSI that do not NEED it should NOT be getting it. It was intended as an INSURANCE. People buying things like weed and I-Phones on a consistent basis get food stamps and Medicaid. Then the big checks issued to families with children (Many were 5 whole digits large!!!) were used to buy more things like weed and I-Phones. Children got spoiled and still live in the poverty level. The parents voted mostly Democrat, which was the point...
It's all public funds. How can you run out of infinite money. $1 equals $1 regardless how many dollars exist. How much is a dollar worth = $1, how much is a pound of beef worth? Depends how much beef they have.
Why do you think that illegal aliens either bring minors with them or immediately start having babies (lots of them!)? For the same reason that we have Welfare Queens (ADC). Meanwhile, the seniors who have paid FICA all their lives...and all the working young, middle aged people who actually pay taxes...are getting blamed and ripped off.
you will find out that if you don't need SS you will still get it but will be paying all back in taxes. and fees. I will only accept it at 70yo and will have to pay most of it back.
This is where I start thinking of how beautiful the afterlife may be. 😬 better to die early? I always suspected there would be no retirement for me, but I’m SO worried about my daughters future, and really don’t like the powerlessness I feel up against this.
I am sick of being told my Social Security is an entitlement! I have worked 52 years with a mandatory investment into that government run fund. If it had not been stolen from, reassigned & given to folks who did not participate in investing into. Congress has been very careless with OUR money! They should be held responsible for the shortfall. I can not spend money I do not have. Why should this country do it? Balance the budget, pass the solution & enforce the laws that are passed. Quit lying!! We are not stupid!
Actually, the American people ARE stupid. This has been a problem incoming for generations. Almost no one cared. We're all too well-fed and entertained to give much of a crap about anything. The key to a passive public has been known for millennia. Bread and circuses.
Everytime I listen to this representative I think most people sitting there don't even understand what he's talking about and that's why we're in the mess we are in.!!!!!🤯🤯🤯
@@karolshaw7810 Well look at the other comments and you can see people don't get it. They're stil talking about foreign aid, congress salaries, and pet projects, when the video CLEARLY showed that all that matters if we want to stop this coming calamity is Medicare, Medicaid, and Social Security. FIx those, or we're toast. And most of the people commenting here still missed it. It's like we can't face up to the plain reality even though it's been staring us in the face since before 2000. This is not new stuff. But no one has the balls to deal with it and force people to face harsh truths. Either you slash these huge programs, or you raise taxes. That's it. There are no other options.
Talking about touching SS and Medicare is the third rail of politics. Remember when Romney tried to bring it up and the Dems said he was pushing Granny off of a cliff? People don't want to face reality and really fix the problem. They just want to run up the government credit card. Heck, SS recipients got like an 8% raise this year while I got a 3% raise after no raise for a year and only a 2% raise the year before that in my private sector job. We are doomed unless we wake up and are willing to tighten the fiscal belt for a few decades.
This is why About 10 years ago, I chose retired and file for SS at 62 , . I wanted to make sure that I was getting the maximum return for my retirement ,.. Even thought I could have worked longer and collected a larger monthly check. But I was concerned more about the system going broke, if I waited longer to file for SS That was one of the best decisions I have ever made ..Living life very comfortably now....
Huge ridiculous medical costs, the insurance-hospital-doctors medical mafia, aspirins that cost $30 in E.R., stuff like that... The whole medical system needs to be overthrown, 100%! Then, you either have two options: free market, or a National Health Service, with controlled prices... pick your choice. The matter of fact is that medical bills and the prices for healthcare are out of control. It doesn't make sense that there is a different price when you go through insurance, than when you pay out of pocket. The system is filled with inconsistencies, rent-seeking, and there are too many people milking the cow, and so many interests, and lobbying that nobody wants to fix it.
Costs need controlled, but primarily limits on per person totals are needed. We cannot have every last procedure, usually in the final six months of life. Reality.
Emergency Rooms required to provide care for whoever comes through the door..insurance or no insurance. Where do you think all the non tax paying illegal immigrants are going to get their Healthcare? Who do you think ultimately will get the bill?This is not sustainable and is only going to get worse.
@@bigseahorsedc That's one issue orders of magnitude less relevant than the systemic issues mentioned above, which are what causes prices to keep rising to infinity, as long as the insurance pays, and they pass the cost to us by rising the premiums.
"Last year, we borrowed $43,600 a second." That is staggering and terrifying, and completely unsustainable. The thing is, government has plenty of money coming in every day, they just mismanage it to a horrible degree. The biggest cost reduction would be to simply reduce the size of government, and since chronic mismanagement of power and money by a bloated government causes most of our problems, that would just be a win-win situation.
Thank you for your candor. People (all people) need to understand our national debt. The question is, how does it get fixed? If you can see a path, get people to understand it and propose it into action. Thank you for caring enough to be HONEST, a rarity in government.
The deficit is because all the money the banks borrow from the federal reserve to give out as loans and charge interest CCs with 20 % interest mortgage loans industrial loans big corporations loans war defense loans ITIS NOT OUR SS and Medicare it is a big lie what a desiving evils we have in congress
Why not downsize civil servant jobs aka bureaucrats. Yes we need some departments but more are useless or the departments are doing same things as other departments repetitive busy work just to keep funding non essential workers in our government
downsizing would have worked 15 years ago now its too late. This is just like people running up their CC before they go bankrupt. The problem is when the government goes bankrupt other countries will be looking to take us over.
@Lee Roland I really think they do. I used to sell pc equipment and peripherals to government and they never once tried to get a better deal. Asking price was always higher when it came to selling to the government. Of course the business owners son was a congressman. We were told who and what to push.
"It's not Republican, it's not Democrat, these are people who actually own calculators." This is what so many people miss in the debate over entitlement spending.
Rep David Schweikert needs to get onto a community that addresses this, because i hear him talk about the problem but I want to here a solution. Dont talk about cutting SS or mediare. Audit the Govt and end Pensions and audit SS and medicare for corruptions in the system.
As a mental math whiz, I've been trying to describe this problem to my parents for years. At 18 year old, I figured out this problem pretty quickly just by looking at my first tax stub. Btw, I'm 29 now; married, home, children etc. People wonder why I'm a minimalist in my personal habits; this is one of the primary reasons. Every DIME you can save now is a DOLLAR that won't be robbed from you in the future. Every cheap/healthy habit you can form NOW is going to be a lifestyle that affords you a good living in the economy that we are creating right now! For every dollar YOU put into Social Security that is matched by employer, you will receive 50 cents before you die. For the average American, that is a mathematical fact! Not only that, but we have a demographic crisis that is going to further bankrupt to ability to even pay for the current mandatory spending. Boomers and Gen X did NOT have enough children to pay for their retirement habits. You want to know why we're having labor shortages? It's not due to laziness, nor even unemployment insurance. The savings, the stimulus money, and the insurance money has been exhausted. There's a labor shortage because we don't have enough people to take over for retirees. Covid jump started this inevitability. Those 7 Millions men you keep hearing about in the news that are unemployed; they're not kids. They're 50-65 year old men that have retired early. Once you understand the financial and demographic disaster we are facing, the faster everything else starts to make sense. This is all about the numbers folks.
I never hear anybody talking about it but this demographic problem is greatly due to the 60 million babies that were killed by abortion. All those people would have been in the work force paying into the system. We in effect cut our own throats.
Actually, saving money is not really better. No bank pays interest at anywhere near the rate of inflation. Inflation is the theft of our future time and money. And govt simply doesn't care, because they just want to steal what they can right now.
Don't get discouraged David Schweikert, keep on the ball. Keep informing the public over and over again. THAT is hard, but it's also key. You must remember different people tune in all the time, don't get discouraged.
Entitlements my ass. I PAID INTO SOCIAL SECURITY MY WHOLE WORK LIFE AND SO DID MY BOSS. The question is Mr. politician WHAT DID YOU DO WITH MY MONEY? I'll tell you what you did. You "borrowed" it to pay off other bills, but you never paid back what you borrowed.
But you will receive more back than you put in, unless you die quickly. And don't get caught up on the word entitlement. It just mean you have the right to something, which you do if you paid in.
@@kennethshelhorse3556 The government program of Social Security was to provide the discipline of saving and investing that most of us are too undiscilined to do for ourselves. That is why we are suppose to get back more than we put in. As far as the word "entitlement," Yes, that should mean I have the right to it. Unfortunately like so many other words today it has been redefined to mean something undeserved that comes as a gift of govt. Just give me back what they borrowed and SS will be just fine. Fat chance...
Where has Dave been all my life? Thank you Dave. I hope your son and wife are doing well. I can already see that you are doing well. This has been a radical 17 minutes for me. I am willing to say with conviction that you are not the only idiot to stand up to speak the truth and risk everything for humanity. It has been done before. Godspeed David. Godspeed.
Turns out you can't pretend to have money and buy all your friends (democrats) a car..... SIMPLE: DEFUND FED GOV, let States do what their supposed to do.
I want to know why We The People are paying for butts to be in the seats and they are not full. How about we save money by NOT PAYING our REPRESENTATIVES when they are not filling the seats and representing US!!!!
I hate to hear them call it entitlement. I have been paying into social security and Medicare my whole life. They are in trouble because congress has been taking money from the trust funds to spend on other things for years. You better cut the pay of congress before you take any money.
I'd say throw them all in Jail in GITMO! Take their assets and bank accounts sell off everything they own AND HAND IT BACK TO THE LEGAL AMERICAN CITIZENS!!! HOWS THAT FOR A START!!!!
An excellent yet simple explanation of matters! Its similar here in Australia! There are a few hard working people who are paying huge taxes, including a "rip-off tax of 48.8C per dollar, on hard earned bonuses," who cannot help but notice the volume of Aussies who do nothing to contribute, & get "hand-out after hand-out," plus, free this & that! Many of them spend $40-$50 per packet of Cigarettes, cartons of beer, etc & are unhealthy & clogging the Public Healrh System! Just take note of what is in their shopping trolley! Uggh! Australia began to encourage this nonsense, origunally under a Labor Party Govt, way back. (Similar to your Dems) It worsens every time those who enjoy all of the benefits vote the Labor Party back into power! We have created a bunch of Lazy Bums, here, & it makes many of us sad, yet angry! Can't imagine how frustrating it must be for big Business Owners?! We stupidly jump into bed with the UN, WHO, Paris Accord etc, & waste untold Millions with them on nonsense like the Covid Debacle, Climate Change, etc! Its criminal! You have our complete Empathy Senator Schweikert! Kind Regards, CR & JR. QLD, Australia.
Here the super rich and big corporations do NOT pay any taxes costing us regular folks to pay for it. These guys are paid by big corporations ( donations) to keep it in their favor.
@@timothybarrett9005 Say you're in a classroom and your teacher decided to socialize your grades out of compassion. At some point a few people that work hard to make the A's decides it's not worth the work. Next semester a few more are pulled down to B's. Next semester most students give in thinking someone else will carry them. At this point the demand for dependance is on the verge of collapsing the whole class. End of the year your teacher takes all power and decides your future for you. Next year you're only allowed one pencil and one page of paper per year. A's, B's, and even C sold out and jumped ship to a new school or sent to a labor camp for being greedy. Thus everyone fails with no way out because they were also swindled into giving up the rights as a sovereign student. Now you hate not the 1% but the .0001%. Socialism, taxes ,and inflation will eat it's own legs off. History bro!
Wow, great presentation. Speaker really gives some hope for unity on this issue. Would like to see some shorter timelines that are more relevant to can kickers. I remember 40 plus years ago being told we would have to deal with climate change in the next few hundred years right before the plastics industry was gearing up, thank you Tom Cruise. Now we’re really looking at 60 years. Within our own children’s lifetimes. This global financial issue will play out sooner than 30 years and it’s great to hear some mathematical emphasis here. If this speaker reads this, please do it all over again with a greater emphasis on the next 10-15 years and i think you’ll get a more interesting response. My favorite thing about this is i had to look to see which party he represents. Excellent job, you can definitely tell your 6 month old you have made an effort and hopefully our old standby “better late than never” applies. Best to all.
But the t Rump Adding almost 8 TRILLION DOLLARS To the NATIONAL DEBT Dont seem to bother any t Rump lick ins.... Even though ALL THEIR OWN TAXES WENT UP. LIKE EVERYONE HERE. EVERYONE GOT A SMALLER TAX REFUND AFTER t Rump's 1st YEAR IN OFFICE.
As President John F. Kennedy stated, "ASK NOT what your country can do for you. ASK what YOU can do for your country". As such WE have to work and SAVE as much as possible for US and our country. Too many people have taken advantage of our goody shoes attitude towards the world, and they have totally BLOWN away the money and help we have provided. It's time we start taking of ourselves FIRST, and then we can start helping others again.
And, you could even pay taxes on your SS depending upon marital status, filing status and which earnings threshold you cross. And, those earnings thresholds' were set in 1983, and have NOT been adjusted for inflation.
if i put in a million dollars over course of my life in SSI then the government owes me a million dollars at the age of 65. they take our money without question, we get our money back without question. if not i want to stop the deductions out of my check and save it myself. we should not have to save 401k and SSI to live out the rest of our lives. sounds like the government needs reformed.
I think the federal government should be limited and more power returned to the States. I think the government has become too large and it seems to keep growing. I would wager that the government could take 75% of your earnings and they would spend all that and still want more, there is never enough. We already have State taxes and now the FED taxes are already out of control. If you are a working person, go look at your take home pay. We are now 31 Trillion in debt and that is not counting the almost 9 Trillion on the FEDs balance sheet, which I doubt will ever be paid down and will probably only grow as they transfer the purchasing power of peoples savings to the government and well connected. I would be all for any State that would like to Secede. Let's distribute the power of government. Plus people would have more choices. If you were a libertiatian you could live in the ultra conservative State. If you were super liberal you could live in the Marxist Orwellian State just to name 2 of them but you could have 48 more and have all different flavors. People are all different and there is nothing wrong with having more choices. Just like you would not force unlike people to get married nor should we force people to live by one set of rules. Sincerely, John
Get rid of these pill pushing follow-up pill doctors get food that's safe again like organic get rid of GMOs and put in doctors that know how to fix the body everything needs to work together from a chiropractor to healthy food antioxidants and stuff like that that are organic and this country will be healthy again when a large percentage
This is what happens when you allow corrupt officials to play with other peoples money without fear of being held Accountable.
Cynical Aries you say that like everyone in this country basically for the last 50 years hasn't had an apathetic attitude about the corruption in government. OUr elected officials are ridiculous in the amount of money they spend on themselves alone. They have most of you so convinced that Donald Trump is the evil enemy that caused every problem we are facing when the truth is the exact opposite. Trump was only in office for 4 years and he came in and was against the status quo, he started firing people that were part of this corrupt machine that was basically every administration since Kennedy was assasinated, that is why he was so targeted by the media. The media was relentless and still is when it comes to Trump people have no idea all that he accomplished. (sorry for the rant in advance)
The truth is our nation was on its way to a great economic recovery with 0% inflation and gas at $2.50 a gallon, and Putin would have never attacked the Ukraine if Trump was President, our borders would be secure the list goes on and on and on. All Biden had to do was come into office and do nothing. We were the number one exporter of natural gas in the world and had not bought one barrel of oil from OPEC since sept of 2018 and all of that changed the day Biden took office. Biden reversed all of The last administrations policies out of spite remember he sat there and signed more executive orders than most presidents do in their entire term in one day on jan 20 2021 and that was the moment our economy started to fail, throw in 7 Trillion dollars in new spending to fight the fuckign climate crisis and our lives are forever changed for the worse. Your paycheck is worth 23% less than it was in january of 2020 and Biden did it all on purpose. The crimes Biden has committed are far worse than anything Trump was ever accused of. people need to get that straight. none of this recession had to happen, none of it. Biden has destroyed more jobs than he's created all of his claims and his press secretaries lies that she tells everyday to the American people about how the economy is recovering and how they try to blame Trump for everything that they are actually responsible for is a fuckign joke and they are only fooling those of you that still watch msnbc and think Biden is doing a great job. Those of us who are getting to the truth of matters are getting pissed off. Every american should be calling for this presidents resignation for the catastrophe he has caused at our border alone. Bidens policies have failed and have put every american citizen in danger.
Nice job defining Democrats.
@@RonMoon360 social security is made up of people paying in, how is that socialism? funny thing is it is mostly GOP states which are the takers of welfare and medical support!!
They just aren't that smart. They are self-interested.
And when you have an uneducated populace that demands free money and stuff. San Francisco is passing a law to give all blacks, over 18, who have lived there 10 years or more, $5 million each! We will not survive this. A new country, or more, will rise from the ashes of this one. Hopefully, it will be better.
The people who run the Government, are more like High School kids with a wallet full of credit card, with not a care in the world as to who is paying for their childish spending. If they can't do their jobs honestly, then they need to be removed from their jobs with out any questions.
All along patting themselves on the back and telling special interests groups how much they have done for them.
I would have loved to have read the SECOND reply!!!!!!!!!
It would be nice if people voted with this in mind, but they vote based on their feelings. Who's going to make me feel good and encourage my depraved behavior and lifestyle, who is going to give me free things. Apparently there are more people like that voting than the ones who want a healthy country and economy. I mean look how many people voted for Biden. He is not fit to run a McDonalds, let alone a whole country. That says a great deal about what our country (the people) really want. That is of course if the election was won fairly and honestly?!?!?!
Only the common people will have the financial problems. These elected oned have a lifetime medical insurance and big pensions. Aside from money accumulated from insider trading.
AND... WITHOUT ANY BENEFITS!!!
WE CARE BUT YOU WERE ELECTED TO FIX THESE PROBLEMS. THANKS FOR SHOWING UP. MAKE IT MANDATORY FOR CONGRESS TO BE IN THERE SEATS EVERY DAY. WHERE IS EVERYONE?
You're so right, but people keep voting for Dems
In their seats and a monthly citizen transparency committee where new committee members cycle out once a year
Where is everyone? ….Calling K street for donations.
Why is everything in capital letters?
@@elsaescobar8373 The problem is Dems promise things they can't deliver and people keep believing the lies.
I've paid all of my life into Social Security and I am well into middle-age. I figure that I'll have to work until I die. It's so uplifting, thinking that I paid into a 401K and lost money, due to crappy US policies. I'm not going to have anything to rely on in my senior years. Meanwhile, the politicians rule the stock market with insider information, and to this day, it still appears that it's okay for them to do it.
it's cheaper to let people die. They all think they will just jump ship when they are done raping our nation for it's opportunity and ruining it for everyone else in the entire country (and others that will be impacted by us being gone).
Nancy Pelosi *just entered the chat*
I'm 62. I thought I'd keep working, but my hearing is bad, and now I've presumably got a partial rotator cuff tear. So much for continuing nursing work! I'm retired.
One big problem with social security sustainability is that when LBJ made SSI part of the general fund, politicians began using it like a slush fund writing I.O.U's in exchange for loans which most of them never repaid when they left office. In essence robbing the American taxpayer.
Amen!
yes and for years and years they tell us that social security is in trouble and never mention their taking the money.
Social Security is not and never has been part of the "general fund". Society Security taxes can ONLY BE USED TO PAY BENEFITS. That's the law. Money from the Trust Fund can be invested in US Treasury Bonds, and that's where the confusion lies. Because that money then enters the general fund, BUT, just like when you or I invest in bonds, it must be paid back with interest. Except, of course, if the US government goes into default. That's where the risk is to Social Security.
okay like you say I can serve us was just just tell me give me the steps give me the the right way to reach you or reach whatever I want and then I can give you this for real. I don’t wanna keep this situation over my arms and live with this restriction, just I need to someone give it to dan and do the control and that’s it I am that’s only thing I need.
okay do you want to back to the normally I want to to the normally too send me someone oh I don’t know how we can deal with you and give you this $10 bill and that’s it it’s over I wanna back to my regular life that’s it I wanna be free like I feel like in jail now I don’t wanna have this for me. I wanna feel free and you guys want to feel free to with your situation and help the country that said it’s over that’s the only one of the things we have to do.
American workers paid into Social Security as an income insurance for their retirement. The idea was good until Congress decided to “borrow “ from SSI, then Congress decided to give Aliens (illegal or legal) SSI when they were retirement age even though they had not paid into SSI. Then Congress decided to pay for “investigations” out of SSI funds. So now Congress is having to fund SSI even though it was originally intended to be self sustaining.
Cease giving away SSI to those who have not paid into it. Cease using SSI for funding anything other than what it was intended for, to pay income dividends to retires who have paid FICA.
What does it matter if it's all public funds anyway?
Even if nothing was borrowed from Social Security, then inflation alone would have made it unsustainable. The total dollars in Social Security would have to grow at the annual rate of inflation just to be sustainable. For every dollar put in 60 years ago, people have to take about $18 out just to break even.
Note: This comment was edited to replace SSI with Social Security.
Exactly its only right
@@deckape69 so good saying it's free money... no people pay into that when you work in assuming you don't work or you would know that!
@@deckape69 Your joking right? We pay that is the tax payers and hard working American citizens SSI and depending on how much you make it can be substantial. That money belongs to the tax paying Americans.
I’m use to living poor and my great grandma still acts like she’s in the Great Depression. Best of luck everyone. Protect those who can’t protect themselves.
I'll be too busy protecting mine.
I recommend everyone do the best they can, and those people that were trying to warn you so long ago, that you didn't listen too, stay off their property and don't call them. Even if you are family.
Inaction has consequences just like actions do.
me too. SSI hardly pays the rent & utilities, & I live in an RV park. It was either that or nowhere. Getting injured in this country means you lose everything, your home, furnishings, everything; that's when one steak has to be cut up & frozen so you can have a silver dollar size of it once a week. One generic box of crackers needs to last 2 months, & you wesr the same bathrobe until it's full of holes while u scape up enough money to buy a new one. It's sad!
Honestly, I can't protect myself for anything. That's where my wife steps on in and does that for me as best as she can. I will NEVER be used to living poor. Living poor is an eternal HELL-HOLE!!! You try to get on a Kito diet (lots of meat, eggs, raw-milk cheeses, butter, etc.) and you can't because you can't AFFORD any of it! Granted, I personally got lucky (thanks to my wife and family), but almost everyone else are NOT as fortunate! T_T
Ive always lived intentionally poor. No matter how much I make in a year my highest spending is on the hard times to come and what will make it easier on my family and myself. Thanks to my folks who grew up in the depression and fought wwII and Korea, Im ready for nearly anything and can make it on my own without outside help. Feels good.
Look to family, and the constitution. Hard times ahead for sure, don't lose hope...
This guy is just so honest and real I hope that everybody can take the time to watch and understand where our economy is heading.
Holy crap the dude behind him is paying attention, iknow its his assignment, but he's not playing w his phone. He's not disagreeing w his boss. He's not shaking his head, he's not snarling in disbelieve. This is what we're supposed to see. Not bored annoyed and w disagreeing disspicklable looks. Not recording themselves and putting on tiktok. This is what is supposed to look like people
@@jimeric3564 am glad to see the respect, instead of those behaviors we've been witnessing for the past few years.
We could sell the seats that are never sat in to pay some debt. Maybe keep two or three.
••• and all the other seats are EMPTY!!!! ---- ????? WHY????
Stop giving the taxpayers $ away to other countries and stop wasting $ on stupid projects.
Dont start saying things that make perfect sense.
Imagine if they'd put the Ukraine money into SS instead.
Fire 50% of federal employees nothing but overhead costs.
@@RogerMiller-td5yc haha
@@yougonnaeatthat9889 Exactly. Charity starts at home. We need to take care of our hard working retirees, fix our roads, healthcare, homelessness, border security, unemployment etc., and balance our budget!!!!!!!!! Only then should we be giving our $ away.
How about stop borrowing from social security? Or how about putting the money borrowed, back? Another question, why isn't welfare ever running out of money?
Or how about stop giving yourselves pay raises and put some of that into the social security bank??
excellent statement!!
The interest he is talking about goes 2 things like Social Security. So when he says doesn't not make sense the answer is yes it does not make sense. Imagine your borrowing money from yourself and you went and you got more Monopoly but you only used it on one thing and which didn't cause inflation. It just ramped-up debt to yourself. It doesn't make sense
I'm not saying inflation isn't a thing I'm saying if we decided to pay 100 trillion dollars pay off the interest, who gets the money? He isn't making sense he's just saying words
Because the whole thing is a scam to keep them rich and us working.
That sounds good but unfortunately we will spend years apon years apon years and we’re just paying the interest
Thank you Mr. Schweikert for being such a strong voice for reality in DC.... I hope this new group and help but I fear they are endroctrinated every bit as badly as those before them.... hitting rock bottom seems to be the place we all go before acknowledging we have a problem.... addiction is not only a "drug" problem... it manifests in many forms.
Don't forget our addiction to oil. Energy is really the foundation for the economy. No energy = no money.
Too many of our Congressonal representives are simply content to kick this can down the road. I
Where are all the Reps? If they don't show fire them
...
So many times you see this! people get elected for a job & paid good money for it with a retirement setup for them. & yet they just CANNOT show up for work. I think all of this started when Nancy Pelosi start having these folks vote by proxy.
These are the speeches that reps give outside of scheduled vote/debate meetings. There is just someone keeping time at the front. At least these are being recorded. I think prior to C-SPAN they were just transcribed to text.
That's your job, the next time they try to get reelected you have to vote for someone ell's that's the only way to get rid of them, unless you can catch one of them robing a bank on video !
I bet there’s not a democrat sitting in that chamber. They gave themselves 3 wks off after the speaker vote
Stop funding the DS stop funding Ukraine war! Stop spending our money to other countries period!!
Stop subsidies to electric cars, let the market support that. Do not use tax dollars to pay off college tuition, get a job and pay it off yourself. Support U.S. energy and get away from sending that money over seas. Everyone knows this, just DO IT!
College should be free. You are advocating for a society of people that are uneducated.
This video is supposed to be a wakeup call, and you guys aren't getting it. Did you watch the video? None of what you're saying here will stop what he is saying will happen in the video. None of it! You MUST, MUST reduce Medicare and Social Security costs - dramatically and soon - or none of this other stuff will matter.
Stop all electric vehicles altogether. They are horrible for the environment and moreover they use slaves including children to dig in the cobalt mines in Africa.
@@WhoToldYouThis and you're advocating for a fairytale . Nothing in this world is free.
what about companies that can take food stamps, that's a subsidy ?🤔
But that can't possibly be true ! My government is telling me there's plenty of money to give free housing, and medical care to all of the millions of new honored guests from south of the border. Just who am I to believe. 🙄
Our government thinks we are idiots.
@@williamrogers6759 They know we’re not.. they just don’t care if we’re on to them..
So you think new workers are a bad thing ?
@@utube012341 That are coming from south of the border and replacing positions held by Americans already living here? Yes, as a matter of fact I do.
@@chineseducksauce9085
we can’t even find people to hire .
Obviously you don’t manage a business or understand how much inflation is employment cost due to shortages of workers.
Exactly what jobs are you referring to ?
I’m in the agrarian sector but we are hurting in manufacturing and hospitality as well as healthcare.
You have to be in a strange location for this to be your issue
They borrowed trillions and not a dime was really spent on anything AMERICAN OR FOR AMERICANS , ASK THE WEF WHERE IT ALL IS
My local Government's retirement plan (a state plan) gets audited every year. And if the contributions are not enough or too much to sustain the benefits, the contributions are adjusted accordingly. The State Governmant is prohibited from raiding the funds. Every member of the plan gets sent a yearly accounting of contributions received, interest earned, and benefits paid out. In other words, full transparency. Why can't the federal plan (Social Security) work the same way?
The thing with your retirement plan is: If inflation is not accounted in it, the numbers on this plan mean practically nothing because the number you have at time of payment will be well below the price of living. Inflation will increase regular prices easily a tenfold for everything. See Venezuela: Any plan adjusted just annually is bound to fail if in this year prices skyrocket by 1200%. You simply can't print money so fast it will be devalued
To answer your question about why can't SS work like this? It's because these dirty politicians don't want it to. Then they couldn't "borrow" from it with IOUs that never get paid back. There would then be checks & balances that would prohibit them from using this money.
So your way it's a shared retirement fund.
Sounds like Russia
@@krrrruptidsoless yep, and they are "state" employees. So us slaves, making much less, pay for it.
Inflation will eat your pension
There's way too many people on the tax payers pay roll. We need to cut drastically the amount of senators & congress members. Each has 100s of staff members. And they still don't represent the citizens that pay them from the hard work we do everyday. 89% don't even show up for work.
Would vote for a lot of money for a FRAUD unit to go after those CHEATING the system.. Legit need , We all feel compasionate toward those , but we SEE it where it's NOT..
And all the redundant federal employees. This was not the founding fathers vision for our country.
Like I said they are fired......... we are their employers...we are allowed to fire them.
Well said! Accountability is necessary
Is this due to covid? That is unacceptable.
And open borders keep coming in with free hospital, and free medical bills and the new administration needs bigger open borders.
Don't tell me that closing the border won't help! We are spending billions to aid immigrants so Biden has voters for 2o24! It's 🐂💩!
You are 100 right I was being sarcastic.
Let us also make American people get rid of their gas stoves.
Hospitals aren't free in the U.S. Everyone that walks through one, has to be ready to give up their kidney to get out. They overcharge people way too much it's ridiculous. Last visit was $500 for some over the counter tylenol.
@@sonicboom879 I mean Through Medicaid or any means by law.
Thank you for speaking the truth!
I think the huge question that all of us seniors have is, why is SS not going to be solvent, but no one EVER questions why welfare is NEVER under threat of going broke?
Part of the problem with SS is that it is paying huge sums to people it was never intended for. It was intended as a retirement plan. But of course, people couldn't pass up the chance for some "free" money.
Why were SS funds used to pay for other projects? Again, people can't stand to not spend whatever they can get their hands on.
I worked most of my life for my pittance. Congress people can work one term and recieve 10 times the amount.
Bugger off!
Fix welfare, then we can talk.
Are they using our SSI to pay off illegal immigrants?
While I agree with most of your comments I don't agree with the last one
Welfare and SS are structured differently. Welfare payments do not come out of a trust fund, SS does. And if you knew American history, you'd realise that SS wasn't designed as a retirement plan. It was only sold as a retirement plan.
The problem is the Ponzi scheme that Social Security always was, simply doesn't have enough new " investors" aka workers to support those getting benefits. Additionally, people for the last 25 or so years have been living longer than ever before. It was never a well thought out or planned system. For those under age 45, their contributions need to be placed in the stock market - over time, even with the ups and downs, the stock market outperforms the pathetic returns of the Soc. Security system at present. That might go a little way toward saving this disastrous system that is heading straight for the iceberg!
Take away medicaid and the freebies the government gives out then we will have more workers. All of the money that they spend on illegals would help to fund Medicare also or the free abortions. It seems like the people who worked their whole life to pay into a program that was supposed to be for their retirement are always the ones who get screwed. The government is very good at screwing the working people.
Put all elected officials on public healthcare, cancel lifetime pension as they are all millionaires after three years. How about all that Ukraine money?
The scary part is the Ukraine money was in billions but we're talking about trillions here. Even if you could get it all back, it wouldn't solve the problem.
They get rich from lobbyists buying their votes. It is a market where special interests buy people.
What about all that Ukraine money? literally a drop in the bucket compared to the money wasted in Iraq and Afghanistan or the 1.5 trillion dollars spent on the F-35
What about all that Ukraine money? literally a drop in the bucket compared to the money wasted in Iraq and Afghanistan or the 1.5 trillion dollars spent on the F-35
@Axel Foley so not worth stopping.... and Ukraime is just starting US patriot missles with troops to operate and tanks... next our soldiers and battles on US soil. That is the Lefts and UN's apparent plan.
The fact that this video isn't trending says all about how fucked we are
100%
The fact that this video and these repeated talking point didn't come out when Trump was in office is all you need to know. #Contrarian Caucus
Put him in charge, fire everyone else. Take every dollar they make and Pelosi husband money, do I need to make a list
Lol!
You're certainly gullible, aren't you?
Thank you for fair reporting
And Pelosi's exit move was they voted themselves a raise
The witch on the hill is good for that move , to help herself!, maybe some group she uses as pawns will get a tidbit, but she will do the best!
In the sixties there was a huge write up in the paper with them begging for a raise because they said they couldn't afford their housing. At that time, they couldn't give themselves a raise. It had to be voted on by the people. We still don't know what they did to make it possible for them to vote themselves a raise. I suspect they sneaked it through on a bill like they love to do. I don' t understand how that could possibly be legal. I would like for it to be investigated!!!!!!!!!!. I think it should be investigated.
Rummy slime!
Overturn it
Too bad she wasn't home when Depape showed up
Social security is NOT an entitlement, EXCEPT when you keep giving it to people who never worked as day in their life nor paid a penny into it
Social Security IS an entitlement by the original definition of the word as it applies to SS legislation. If one never pays anything at all into it (FICA tax) then that person cannot receive it. Medicare is the healthcare component of Social Security and one cannot receive it if one doesn't qualify for receiving Social Security. Medicaid has nothing to do with Social Security and Medicare! You are not alone in your distaste for using the word entitlement.
One characteristic of socialism and communism is Newspeak or changing the meaning for words.. Sex never included gender for example. Men could not become women by definition. Recently I listened to oral argument before SCOTUS where the government was arguing that shall was the same as will with some ridiculous advocacy around the word "must." It is the same with corporations being treated as persons. See Citizens v. United. Same with the word citizen.
Legal philosophies of original interpretation or traditional meaning of words is being destroyed by creeping newspeak and fake news media. The phenomenon is destroying USA from within. However, your comment has nothing to do with the problem diagnosed so well in this video. Unfortunately the senator is in the distinct minority. USA's leaders, whether politicians, economists, professors or intellectuals, all believe in MMT (Modern Monetary Theory). It has been taught since the late 60s.
www.investopedia.com/modern-monetary-theory-mmt-4588060
?que?
Exactly
The government gives ssi to people that has never paid a penny . The government takes from hard working tax payers and give it to the druggie , and the drunk's, they gives them free medicare they get s there medicine free .the drunk's don't. even have to pay a co payment,so tell me how is that fair , the government has been mixed up for years , people that hasn't payed in should not be getting nine hundred to a thousand every month ,on the expense of hard working people
Duh.
You either have to cut expenses, or increase revenue, or do both. Those are your only options. You can start with cutting out all the wasteful pork belly socialist style spending. Americans may not mind a little tax increase, but not if you continue with the wasteful spending.
actually the only way out is to let a depression happen and ride through it...we are 94 trillion in total debt...we are fubar already...we need to default and let the chips fall where they may or there wont be any options in the future but total collapse and civilization ending in north america
Socialist style spending?
@@kickassandchewbubblegum639 wow, sounds pretty grim.
We just need to set term limits, cut government spending, and get used to having less. If you can't afford something, you aren't entitled to it. We have screwed the next couple generations and should have listened to Thomas Jefferson who warned that each generation should be responsible for the debt it incurs. Debt is not a legacy that you leave as an inheritance to the next generation. History is not going to be kind to this generation that allowed Progressive Democratic Socialists to influence our politics and rig elections to keep themselves in power.
Just make more money and continue to give it to the welfare system those who do not work, never have never will and those they continue to bring into the world that are being taught the same. Only this time make it monopoly money.
Thank you
Once again, where is everyone? Why is it so empty? Politicians shouldn't get paid if they don't attend.
Probably on the phone soliciting donations for their next reelection, it's a requirement to get committee seats and receive republican caucus campaign monies
HOW MUCH... IS THE PAYROLL COST OF THE STAFF AND CONGRESS, AND JUSTICE DEPARTMENT, WITH THEIR STAFF, AND THE EXECUTIVE BRANCH OF GOVERNMENT, AND THEIR STAFF??
THIS IS ONE THING THAT IS ALWAYS OMITTED IN DISCUSSIONS ABOUT FINANCES. COULD WE GET AN UNDERSTANDING OF THOSE NUMBERS PLEASE. TELL US THE TRUTH ABOUT THESE NUMBERS.
It's not a drop in the bucket compared to the debt
Basically nothing against the size of the national economy. The whole operation costs about $4 billion. Less than the cost of fielding a single destroyer, or a little more than the cost of a single skyscraper. The size of the economy is $25,000 billion.
It's way too damn much
Did you watch the video??? It's Medicare, Medicaid, and Social Security. .That's it!! If you don't dramatically reduce those now, we will all be in dire straights before too long. The payrolls of staff make zero impact compared to these.
Unfortunately their money is received from a totally different system along with their insurance and retirement. Totally untouchable. Except by someone with a pair like DJT.
Here's an idea, audit the fed and close it, and return to a "gold" standard, and then let's also close down the unconstitutional administrative state, so there goes millions of unnecessary and actually harmful and limiting/preventing competition and self reliance as a country ,and actually have a purchase/flat tax therefore reopening an actual free market, and reestablishing the limited and explicitly defined Government within the CONTRACT of a CONSTITUTIONAL REPUBLIC
Just go to digital currency and have an infinite amount. Oh wait we have that oh, it's called money. A dollar equals a dollar no matter how many dollars exist. 1 Dogecoin equals 1 Dogecoin no matter how many dogecoins exist do you understand the magic
I agree 💯
Thank you sir for explaining what most Americans have feared. Unless our current government faces the reality of the math, there will be less than nothing left for our children snd grandchildren. Social Security and Medicare was intended for those who paid into the system, and meant to be self-supporting. The spending blew up when the politicians that were elected to represent the people they served, allowed these funds to be robbed for the benefit of the unscrupulous rather than the citizens who paid for their future security. We have been betrayed and I pray that future statesmen will be able to listen to the truth rather than the doublespeak of the politicians of the Swamp.
And as for paying into the system think of all the jobs that left to Asia. Those jobs were contributing to SS!
Helped you down a false conclusion!
Forbes, it would be nice if you identified who’s speaking! He’s awesome!
You need to click on the description to see the information
.
“In House floor remarks last Wednesday, Rep. David Schweikert (R-AZ) warned of the dangers of deficit spending and the debt“
You can't explain away taking people's money that was set aside for them from their paychecks; not for illegals or their health care, not for the myriad of corrupt choices. This account was for those who put in and those alone.
Amen ! Well said !
Makes you wonder why we ever let them take that money to set it aside? Any average joe can save his own money. Why do we need the government to do it for us? It was created to be a piggy bank the gubbyment could rob. And rob it they did, because that was always the intent.
I like this rep. He actually understands.
A really enjoyable watch. I wish people were given that much respect when talking in parliament. Congratulations on mentioning such an important topic and talking so passionately about it.
What a brilliant presentation.
So clear , even I get it!
Is anyone listening??
Nope, there are no butts in the seats. We should stop paying for those that don’t show up!!!
Love this. I think a requirement for running for office, each candidate should be required to take ECONOMIC CLASSES. Once they are elected, they should be required to take additional classes. These classes should be AVAILABLE TO THE PUBLIC because voters (including me, at times) only see the short term results. We don’t see the deeper consequences so we get frustrated with our politicians. That explains why each election we typically vote for the opposite party than what is in power. The politicians that understand the economics must struggle with “what makes economic sense long term” and what “looks good”
Thanks to the miracle of technology, you can take all the classes you want. Many of them are free. So get learning, already!
Her point is that it's not required, not that it's not available. We even have to take classes to drive and these people are driving the whole government
@@georgewagner7787 I got her point and I agree with that part. But she also literally said that classes should be available to the public. I just thought I'd point out that education is freely available.
We're a little late for that.
Yeah, that guy seems very sharp.
Would be interesting to segment that "Mandatory" spending graphic into government employee entitlements and non-government employee entitlements.
It's always US against THEM.. THEY lord over US , WE grumble , pizzz and moan , vote this one in , that one out and we fight back..DECADES and DECADES of SAME O , SAME O
Thanks to the miracle of technology, you can look up those figures for yourself.
Yes. Get rid of most of the 3 letter agencies, eliminate all discretionary spending, get rid of all welfare, and make state employees pay into social security. I'm sure most state employees, like here in Colorado, can opt out of federal social security. Once the IRS is gone, enact a consumption tax. This is the only fair tax because everyone will be on even ground for once.
Add 87k new IRS agents with benefits and a pension. No problem! Everyone else is downsizing and here’s the federal govt adding people and spending into perpetuity.
This is a GREAT speech. The problem is that the students of today are not taught to think and cannot comprehend this if they have the willingness to watch it, and not another 20 mins. of a reality show or another game. As I near the end of my life, I am amazed at how indifferent youth is to THEIR future. They still won't pick u[ a book to read, or watch a TV channel the MAY not say what they want to hear. Street interviews show most know nothing that we HAD to know to get through sixth grade. I really have no sympathy for them.
Well you just sound lovely.
I wouldn't worry too much, sir. Those youths don't have the will or the decision making capabilities to do anything significant. The future of our Republic will be in the hands of the few who have been raised in traditional households, led by the Grace of Almighty God.
@@Inconcessa1 We would want to believe. Unfortunately, we've learned that the best and brightest dom't always get to the top.
That’s all a load of hogwash and echo chambers.
This man has painted the clearest picture of our Socio economic problems to date in highly simplistic terms.
Clearly it’s yet again the fault of the boomers, granted, through, no fault of their own in this case, because they were simply born into the largest generational cohort, the world has ever seen.
This allowed for enormous voting, power, financial power, and soon to be massive financial drain, which the three subsequent generations combined, simply cannot compete with, or overcome.
As a Gen X, I fully never expected to see a Social Security check knowing that there would be nothing left after the boomers like locusts would unfortunately gut any financial surplus the government might have even in an optimistic future world. And lo and behold!
Sucks but it’s facts. Boomer generation has all the jobs, all the houses, all the money, only just lost its majority control in government (the house only), and continues to mold and shape laws and social structure according to the massive voting power needs of this generation which will be healthcare industry.
Our system relies on a one to one replacement capitalist theory in which a younger person pays the older persons Social Security, but with 3 to 1 ratio of young workers to a single boomer generational senior citizen…. The current system cannot work. It will fail.
Socio economic changes must occur or we will see our country fall like Rome into the natural devolution of capitalism which is feudalism. Albeit a corporate feudalism most likely.
@@dorianmorris4690 You're very right about that. But the willfully ignorant and emotionally fragile will not rise far, especially if the UBI is implemented. As we hear said over and over, hard times make strong men. (You know how the rest of that cycle goes....) :)
How about taking off anyone on social security that never paid in to it!?
its ok no pronlem for me, the money, no matters
If government would have kept their fingers OUT OF OUR SOCIAL SECURITY then we wouldn’t be in the position we are today!!!! It was a savings account for when we got old and they couldn’t KEEP THEIR HANDS OFF OF IT!!!!
EXACTLY!!!👍🤝👏
You speak truth boldly, I pray that God continues to strengthen and protect you, to open ears, eyes and minds to hear and see the truth and do what is right.
Thank you Rep. David Schweikert (R-AZ) for caring enough about the American people to tell us the truth regarding our financial future. There should be no anticipated increase in poverty among those who are older and retired. Those people worked so hard most of their lives (if not all) just to pay their bills and put food on the table to feed their families. To treat our seniors in this manner is disgraceful, and so disrespectful!
EXACTLY!!!👍🤝👏
Two santa claus theory.
Are there a majority of politicians that think like him? So now you just know how and approximately when the government fails.
but what is reasonable? we spend over half of Medicare and SS benefits in the last two years of someones life
They would prefer to see us shuttled off never to be seen again once we hit a certain age. From what I observe it's all about the babies not the old people.
When does welfare factor in? People on welfare programs are not necessarily needy. Yes, people on SSI that do not NEED it should NOT be getting it. It was intended as an INSURANCE. People buying things like weed and I-Phones on a consistent basis get food stamps and Medicaid. Then the big checks issued to families with children (Many were 5 whole digits large!!!) were used to buy more things like weed and I-Phones. Children got spoiled and still live in the poverty level. The parents voted mostly Democrat, which was the point...
It's all public funds. How can you run out of infinite money. $1 equals $1 regardless how many dollars exist. How much is a dollar worth = $1, how much is a pound of beef worth? Depends how much beef they have.
Why do you think that illegal aliens either bring minors with them or immediately start having babies (lots of them!)? For the same reason that we have Welfare Queens (ADC). Meanwhile, the seniors who have paid FICA all their lives...and all the working young, middle aged people who actually pay taxes...are getting blamed and ripped off.
you will find out that if you don't need SS you will still get it but will be paying all back in taxes. and fees. I will only accept it at 70yo and will have to pay most of it back.
What are the figures of money stopped being paid to seniors who lost their life during pandemic? Anybody talking about this?
That was part of the plan. Look at Governor Cuomo sending all those covid patients to nursing homes with the vulnerable elderly.
This is where I start thinking of how beautiful the afterlife may be. 😬 better to die early? I always suspected there would be no retirement for me, but I’m SO worried about my daughters future, and really don’t like the powerlessness I feel up against this.
100 billion over to Ukraine. 10% for the big guy.
I am sick of being told my Social Security is an entitlement! I have worked 52 years with a mandatory investment into that government run fund. If it had not been stolen from, reassigned & given to folks who did not participate in investing into. Congress has been very careless with OUR money! They should be held responsible for the shortfall. I can not spend money I do not have. Why should this country do it? Balance the budget, pass the solution & enforce the laws that are passed. Quit lying!! We are not stupid!
EXACTLY!!!👍🤝👏
Actually, the American people ARE stupid. This has been a problem incoming for generations. Almost no one cared. We're all too well-fed and entertained to give much of a crap about anything. The key to a passive public has been known for millennia. Bread and circuses.
Everytime I listen to this representative I think most people sitting there don't even understand what he's talking about and that's why we're in the mess we are in.!!!!!🤯🤯🤯
If you can't understand him......hmmmm that's questionable bc my 14yr old gets it
@@karolshaw7810 Well look at the other comments and you can see people don't get it. They're stil talking about foreign aid, congress salaries, and pet projects, when the video CLEARLY showed that all that matters if we want to stop this coming calamity is Medicare, Medicaid, and Social Security. FIx those, or we're toast. And most of the people commenting here still missed it.
It's like we can't face up to the plain reality even though it's been staring us in the face since before 2000. This is not new stuff. But no one has the balls to deal with it and force people to face harsh truths.
Either you slash these huge programs, or you raise taxes. That's it. There are no other options.
@@karolshaw7810 That's my point! He knows his stuff but most of Congress probably doesn't understand economics.
Talking about touching SS and Medicare is the third rail of politics. Remember when Romney tried to bring it up and the Dems said he was pushing Granny off of a cliff? People don't want to face reality and really fix the problem. They just want to run up the government credit card. Heck, SS recipients got like an 8% raise this year while I got a 3% raise after no raise for a year and only a 2% raise the year before that in my private sector job. We are doomed unless we wake up and are willing to tighten the fiscal belt for a few decades.
This is why About 10 years ago, I chose retired and file for SS at 62 , .
I wanted to make sure that I was getting the maximum return for my retirement ,..
Even thought I could have worked longer and collected a larger monthly check.
But I was concerned more about the system going broke, if I waited longer to file for SS
That was one of the best decisions I have ever made ..Living life very comfortably now....
Huge ridiculous medical costs, the insurance-hospital-doctors medical mafia, aspirins that cost $30 in E.R., stuff like that... The whole medical system needs to be overthrown, 100%! Then, you either have two options: free market, or a National Health Service, with controlled prices... pick your choice. The matter of fact is that medical bills and the prices for healthcare are out of control. It doesn't make sense that there is a different price when you go through insurance, than when you pay out of pocket. The system is filled with inconsistencies, rent-seeking, and there are too many people milking the cow, and so many interests, and lobbying that nobody wants to fix it.
yes, huge amounts of fraud in the medical system. And some of it perpetuated by currently serving public officials.
Costs need controlled, but primarily limits on per person totals are needed. We cannot have every last procedure, usually in the final six months of life. Reality.
Emergency Rooms required to provide care for whoever comes through the door..insurance or no insurance. Where do you think all the non tax paying illegal immigrants are going to get their Healthcare? Who do you think ultimately will get the bill?This is not sustainable and is only going to get worse.
@@bigseahorsedc That's one issue orders of magnitude less relevant than the systemic issues mentioned above, which are what causes prices to keep rising to infinity, as long as the insurance pays, and they pass the cost to us by rising the premiums.
This man is the first one I have heard tell the truth about the budgeting nightmare we are in
Ukraine no problem but social security never have money bullshit
"Last year, we borrowed $43,600 a second." That is staggering and terrifying, and completely unsustainable. The thing is, government has plenty of money coming in every day, they just mismanage it to a horrible degree. The biggest cost reduction would be to simply reduce the size of government, and since chronic mismanagement of power and money by a bloated government causes most of our problems, that would just be a win-win situation.
and Lobbyists who pay them to spend it.
Thank you for your candor. People (all people) need to understand our national debt. The question is, how does it get fixed? If you can see a path, get people to understand it and propose it into action. Thank you for caring enough to be HONEST, a rarity in government.
Two santa claus theory.
You got that right.
The deficit is because all the money the banks borrow from the federal reserve to give out as loans and charge interest CCs with 20 % interest mortgage loans industrial loans big corporations loans war defense loans ITIS NOT OUR SS and Medicare it is a big lie what a desiving evils we have in congress
Why not downsize civil servant jobs aka bureaucrats. Yes we need some departments but more are useless or the departments are doing same things as other departments repetitive busy work just to keep funding non essential workers in our government
Also, why not cut defense spending?
did you even watch the video?
downsizing would have worked 15 years ago now its too late. This is just like people running up their CC before they go bankrupt. The problem is when the government goes bankrupt other countries will be looking to take us over.
@Lee Roland I really think they do. I used to sell pc equipment and peripherals to government and they never once tried to get a better deal. Asking price was always higher when it came to selling to the government. Of course the business owners son was a congressman. We were told who and what to push.
@@gjones5153 It’s never too late to do a better job and correct things. It’s to late when you give up.
Economic doom is inevitable with the current model.
This bloke should be on the front page .. everywhere..
Love and best to the USA.. 🇭🇲
"It's not Republican, it's not Democrat, these are people who actually own calculators."
This is what so many people miss in the debate over entitlement spending.
Didn't Roosevelt create SSI for retirement only.?
Rep David Schweikert needs to get onto a community that addresses this, because i hear him talk about the problem but I want to here a solution. Dont talk about cutting SS or mediare. Audit the Govt and end Pensions and audit SS and medicare for corruptions in the system.
Yes 🙌
Because they spend to much money for Ukraine taxespayers are pissed off
As a mental math whiz, I've been trying to describe this problem to my parents for years.
At 18 year old, I figured out this problem pretty quickly just by looking at my first tax stub. Btw, I'm 29 now; married, home, children etc.
People wonder why I'm a minimalist in my personal habits; this is one of the primary reasons. Every DIME you can save now is a DOLLAR that won't be robbed from you in the future. Every cheap/healthy habit you can form NOW is going to be a lifestyle that affords you a good living in the economy that we are creating right now!
For every dollar YOU put into Social Security that is matched by employer, you will receive 50 cents before you die. For the average American, that is a mathematical fact!
Not only that, but we have a demographic crisis that is going to further bankrupt to ability to even pay for the current mandatory spending. Boomers and Gen X did NOT have enough children to pay for their retirement habits.
You want to know why we're having labor shortages? It's not due to laziness, nor even unemployment insurance. The savings, the stimulus money, and the insurance money has been exhausted. There's a labor shortage because we don't have enough people to take over for retirees. Covid jump started this inevitability.
Those 7 Millions men you keep hearing about in the news that are unemployed; they're not kids. They're 50-65 year old men that have retired early.
Once you understand the financial and demographic disaster we are facing, the faster everything else starts to make sense. This is all about the numbers folks.
The math tells us it’s OVER already!!
I’m glad I won’t live long enough to see this country’s collapse but I feel sorry for my son and daughter.
I never hear anybody talking about it but this demographic problem is greatly due to the 60 million babies that were killed by abortion. All those people would have been in the work force paying into the system. We in effect cut our own throats.
Actually, saving money is not really better. No bank pays interest at anywhere near the rate of inflation.
Inflation is the theft of our future time and money. And govt simply doesn't care, because they just want to steal what they can right now.
Define "retirement habits".
The numbers will get better for social security because of all the Vaccines they administered . The ones that got it seem to be dropping off faster.
But those that are vax injured are applying so unless they ALL kick the bucket there will be more sucking the teet!
Politicians shouldn’t get PENSIONS at all
This guy is spot on to bad the chamber is not full to listen to him
Don't get discouraged David Schweikert, keep on the ball. Keep informing the public over and over again. THAT is hard, but it's also key. You must remember different people tune in all the time, don't get discouraged.
WE WORKED FOR THOSE BENEFITS. THEY WERE NOT JUST GIFTED TO US.
Entitlements my ass. I PAID INTO SOCIAL SECURITY MY WHOLE WORK LIFE AND SO DID MY BOSS. The question is Mr. politician WHAT DID YOU DO WITH MY MONEY? I'll tell you what you did. You "borrowed" it to pay off other bills, but you never paid back what you borrowed.
Amen ! How dare this man stand here and call it an entitlement ? It’s our money !
hate to say this but you and your boss got conned by a glorified Ponzi Scheme.
EXACTLY!!!👍🤝👏
But you will receive more back than you put in, unless you die quickly. And don't get caught up on the word entitlement. It just mean you have the right to something, which you do if you paid in.
@@kennethshelhorse3556 The government program of Social Security was to provide the discipline of saving and investing that most of us are too undiscilined to do for ourselves. That is why we are suppose to get back more than we put in. As far as the word "entitlement," Yes, that should mean I have the right to it. Unfortunately like so many other words today it has been redefined to mean something undeserved that comes as a gift of govt. Just give me back what they borrowed and SS will be just fine. Fat chance...
Why is the chamber empty? Reps should be there hearing this information.
Look how empty the seats are ....again!
Where has Dave been all my life?
Thank you Dave.
I hope your son and wife are doing well.
I can already see that you are doing well.
This has been a radical 17 minutes for me.
I am willing to say with conviction that you are not the only idiot to stand up to speak the truth and risk everything for humanity.
It has been done before.
Godspeed David. Godspeed.
Turns out you can't pretend to have money and buy all your friends (democrats) a car.....
SIMPLE: DEFUND FED GOV, let States do what their supposed to do.
You hit the nail on the head 🔨🔨
No one really cares until it's actually been cut. Then everyone starts panicking and by then it's gonna be too late.
SS is going bankrupt.
I want to know why We The People are paying for butts to be in the seats and they are not full. How about we save money by NOT PAYING our REPRESENTATIVES when they are not filling the seats and representing US!!!!
We. Are. Screwed. The most frightening thing is that it's being done intentionally.
How to ruin anything....
Let the gov control it.
Also removing the IRS and stop taxing workers like used to happen and people could retire on their own without help.
INTREST ACCRUED NEEDS TO BE ADDED TO THE AMOUNTS WE TAXPAYERS HAVE PAID IN OVER THE YEARS AS WELL.... WHEN WE ACTUALLY HAD WORK AND WERE NOT LAID OFF.
Wow!
I hate to hear them call it entitlement. I have been paying into social security and Medicare my whole life. They are in trouble because congress has been taking money from the trust funds to spend on other things for years. You better cut the pay of congress before you take any money.
That's true they need to do that. But they wont
Stop giving 35 million to foreign countries
Poorer get poorer and the richer get richer
And this administration is making it Worse.
If President Trump was able to give up two years of his pay , well then I guess All congress men should be able to do the same thing !
and their special health insurance. also stop lobbyist from paying them off.
I'd say throw them all in Jail in GITMO! Take their assets and bank accounts sell off everything they own AND HAND IT BACK TO THE LEGAL AMERICAN CITIZENS!!! HOWS THAT FOR A START!!!!
WOW!
Why they approved so much money for Ukraine nothing for social security needs help
An excellent yet simple explanation of matters! Its similar here in Australia! There are a few hard working people who are paying huge taxes, including a "rip-off tax of 48.8C per dollar, on hard earned bonuses," who cannot help but notice the volume of Aussies who do nothing to contribute, & get "hand-out after hand-out," plus, free this & that! Many of them spend $40-$50 per packet of Cigarettes, cartons of beer, etc & are unhealthy & clogging the Public Healrh System! Just take note of what is in their shopping trolley! Uggh! Australia began to encourage this nonsense, origunally under a Labor Party Govt, way back. (Similar to your Dems) It worsens every time those who enjoy all of the benefits vote the Labor Party back into power! We have created a bunch of Lazy Bums, here, & it makes many of us sad, yet angry! Can't imagine how frustrating it must be for big Business Owners?! We stupidly jump into bed with the UN, WHO, Paris Accord etc, & waste untold Millions with them on nonsense like the Covid Debacle, Climate Change, etc! Its criminal!
You have our complete Empathy Senator Schweikert! Kind Regards, CR & JR. QLD, Australia.
Here the super rich and big corporations do NOT pay any taxes costing us regular folks to pay for it. These guys are paid by big corporations ( donations) to keep it in their favor.
Only 48.8%?...70% would be better for society as a whole.
Well said from Toronto Ontario Canada
@@timothybarrett9005 Say you're in a classroom and your teacher decided to socialize your grades out of compassion. At some point a few people that work hard to make the A's decides it's not worth the work. Next semester a few more are pulled down to B's. Next semester most students give in thinking someone else will carry them. At this point the demand for dependance is on the verge of collapsing the whole class. End of the year your teacher takes all power and decides your future for you. Next year you're only allowed one pencil and one page of paper per year. A's, B's, and even C sold out and jumped ship to a new school or sent to a labor camp for being greedy. Thus everyone fails with no way out because they were also swindled into giving up the rights as a sovereign student. Now you hate not the 1% but the .0001%. Socialism, taxes ,and inflation will eat it's own legs off. History bro!
I couldn't imagine not have the 1% around to pay nealy 50% of all income taxes. Don't get me wrong, no one needs to have that much money. Buuut.
Wow, great presentation. Speaker really gives some hope for unity on this issue. Would like to see some shorter timelines that are more relevant to can kickers. I remember 40 plus years ago being told we would have to deal with climate change in the next few hundred years right before the plastics industry was gearing up, thank you Tom Cruise. Now we’re really looking at 60 years. Within our own children’s lifetimes. This global financial issue will play out sooner than 30 years and it’s great to hear some mathematical emphasis here. If this speaker reads this, please do it all over again with a greater emphasis on the next 10-15 years and i think you’ll get a more interesting response. My favorite thing about this is i had to look to see which party he represents. Excellent job, you can definitely tell your 6 month old you have made an effort and hopefully our old standby “better late than never” applies. Best to all.
He does this routinely. It's kind of his thing. Unfortunately Rep. Schweikert is usually addressing a mostly empty House chamber.
But the
t Rump
Adding almost
8 TRILLION DOLLARS
To the NATIONAL DEBT
Dont seem to bother any
t Rump lick ins....
Even though ALL THEIR OWN TAXES WENT UP.
LIKE EVERYONE HERE.
EVERYONE GOT A
SMALLER TAX REFUND AFTER
t Rump's
1st YEAR IN OFFICE.
@@quantvminquizitor and that is the problem a mostly empty room
As President John F. Kennedy stated, "ASK NOT what your country can do for you. ASK what YOU can do for your country".
As such WE have to work and SAVE as much as possible for US and our country. Too many people have taken advantage of our goody shoes attitude towards the world, and they have totally BLOWN away the money and help we have provided. It's time we start taking of ourselves FIRST, and then we can start helping others again.
Like Demented presidents who open our southern border.
Its the other way around. US screwed so many countries and now, they're distancing themselve away from the dollar hegemony..
Way to fix it, stop paying welfare out of social security
And, you could even pay taxes on your SS depending upon marital status, filing status and which earnings threshold you cross. And, those earnings thresholds' were set in 1983, and have NOT been adjusted for inflation.
🙏🏻🙏🏻🇺🇸THANK YOU SOR FOR SAYING THE QUIET PART OUT LOUD
if i put in a million dollars over course of my life in SSI then the government owes me a million dollars at the age of 65. they take our money without question, we get our money back without question. if not i want to stop the deductions out of my check and save it myself. we should not have to save 401k and SSI to live out the rest of our lives. sounds like the government needs reformed.
Im with you but people will say what about injured and desolate they deserve our help.
I think the federal government should be limited and more power returned to the States. I think the government has become too large and it seems to keep growing. I would wager that the government could take 75% of your earnings and they would spend all that and still want more, there is never enough. We already have State taxes and now the FED taxes are already out of control. If you are a working person, go look at your take home pay.
We are now 31 Trillion in debt and that is not counting the almost 9 Trillion on the FEDs balance sheet, which I doubt will ever be paid down and will probably only grow as they transfer the purchasing power of peoples savings to the government and well connected.
I would be all for any State that would like to Secede. Let's distribute the power of government. Plus people would have more choices. If you were a libertiatian you could live in the ultra conservative State. If you were super liberal you could live in the Marxist Orwellian State just to name 2 of them but you could have 48 more and have all different flavors. People are all different and there is nothing wrong with having more choices.
Just like you would not force unlike people to get married nor should we force people to live by one set of rules.
Sincerely,
John
We need new government that want to help anyone especially SENIORS
Get rid of these pill pushing follow-up pill doctors get food that's safe again like organic get rid of GMOs and put in doctors that know how to fix the body everything needs to work together from a chiropractor to healthy food antioxidants and stuff like that that are organic and this country will be healthy again when a large percentage