congressman peter defazio as was pointed in a while since we've talked with in
the u_s_ congressman peter defazio represent fourth district of organ
and my old stomping grounds and
and and home state for five years congressman if i was in his website of
course defines you dot house tug of congress draw comeback
not yeah i don't know what happened on one of the callers note that we don't
believing in washington anymore you growing don't have much dr
anytime you got a new suck let us know i loved talking with its uh... uh... died
and speaking of the news archive
e apparel u_n_
and uh... bernie sanders ever in the senate have introduced legislation to
save social security guy there i keep it away from wall street hustlers
uh... absolutely i mean you know there's lou we fear that there's uh... sort of
the other third definitely have a help push killing on too
chain the p_p_i_ on postal security and if you look at the impact over a
relevant lee
short period of time idea would hit hardest
at though older seniors over time in you know i mean a lot of people out with
their savings
um... you know where and for the next generation senior there are going to
prevent pension
and you become more and more dependent upon total security as you age and the
worst thing you can think of it though a weapon
whipple lowered their promise benefit in the future by using this phony high
economic of function about uh... you know qualitative substitution
though uh...
you know with if people were
trying to fix social security
that doesn't do it
uh... it give it one or two more years at abosede before it would be uh...
theoretically
i not involvement but incapable of pain
the benefits of promised found about seventy five percent
so to a lot of solve the problem double job
do away with the tax loophole that allows wealthy people to pay a tiny
fractions of their income into obscurity texas bro
we agree with their bill of
last the last week uh... with introduced it before
and uh... it would give seventy-five years all of his social purity
which means forever
function well bailey thoughts of the five year experience seventy-five years
been you know that sort of adorable
like they have a lot of a people in year one electoral care intricate too far
beyond there
congressman defazio why is it that
people who make up to a hundred and thirteen thousand dollars harper
southern com
gets hit with us all scary checks even if they're working a wal-mart and and
you know in a couple thousand dollars a year working part-time yeah scharping
chainsaws or something
their income is www is one hundred-percent their income is subject
to social security attacks
but if somebody you know in iran he makes twenty million bucks a year
means uh...
you know of that
of the first two million
he's in art
that that might be called income he's been so scary taxes on the first time in
thirteen thousand dollars and then after that i twenty million dollars
on nineteen million eight hundred and
mehendi seven thousand dollars he doesn't pay a damp penny in social
security checks
in fact all of his capital-gains income him in paris elvin always of the people
make the live in savannah but around the pool waiting for the dividend returns
they'll pay a penny is so scary text
i think this week deal
uh...
accident of uh... history i mean the original uh...
earnings cap though there was put in place uh... when ill so security would
have acted
it was a definite of from time to time a by congress in them
in nineteen thirty seven went those purity with having two big problems have
about inflation none of that
they it was put on an automatic escalator on an annual basis in that
creeped up a little bit
every year
but uh... you know it's it's just an accident history that
you know we didn't upset
uh... butler security taxed at a much smaller rate across a larger span of
income pattern
you know that uh...
all season like this is an even you know i've had steve forbes on this program a
bunch of times he comes on the as well a flat tax a have guys driving a bus
through the same as the billionaire flat-tax you got it there was a guy
named archer cheered wait in the blast and the republicans were charged
and he would probably go hearing on back button on it
uh... until security
and uh... i went there it is that while the german you gotta love by the
advocates your for a flat tax rate be
i'd like a woman chairman here the fear that idea whatever flat tax to pay for
those who purity
any kind of scratches that it will probable that many figure it out and
play ball partner update because of all about your burlap bag but i guess not
yeah though yeah exactly what the rich people pay a flat tax is one
everybody you know working people have been a commander on thirteen thousand
right
uh... we had to dispel one of the social security and participate game graham
plan whatever you go out big deal
that hula
uh... what if if you're concerned it is
that social security and i had an intergenerational program will be there
to pay promised benefits for the next seventy-five years our plant the way to
get their right and social security we should add in a third of social security
payments are not going to retired people they're going to people
let my friend michael hodges and broke his neck in his thirties i think as
quadriplegic
uh... you get that disability that uh...
wider children at this easter to fabled workers uh... you've got
uh... dependent the biotin
of the others with a large number of other people who are quite literally
widows are all pauline m
of that education that a bit
so his parents idea
yeah literally widows orphans and disabled people on that says you know so
so this
you know you talk about social security we're not just talking about and a
program that affects people over sixty five
you know for a fully a third nassau
a lot of money in a lot of people
him millions millions of people are affected by so security who are in their
team
means in their twenties in their thirties in their forties sniff it in a
blogger dot in this game on i'm curious you remember the house parisa caucus
the progress caucus before the balancing act the budget that would have balance
the budget in ten years
and done so on a fairly straightforward way what's the fate of that right now
uh... well we haven't ah...
we're going to be the right budget tomorrow i believe no and then the
budget committee will start back barking up
soon thereafter away often uh... prime uh... offer alternatives from the
democratic side the progressive version of the budget
blue dog used over budget on time up there is no public put together but in a
more
uh... nova you know with that
we're about to uh... engage in in that debate
uh... first
you know the opening of fellows tomorrow we see how agree just
ryan planet i mean he's promising
facing a balanced-budget in ten years
no to remedies pallets think about it there's a projected over ten trillion
dollar deficit over the next ten years
that would uh... huh
basically i think billion
dollars a year and cut which would mean eliminate the pentagon and half of uh...
the general fund government eliminate all general fund government
and have the pentagon uh... or is the unit target social security and medicare
and think like that i'm going to get to that
but nominal bumper all you can have to do the curious damage russell started
medicare or evidence castle scary moniker harburg large programs on a
smell willie sought ssgt
in other things bank robber this time
back in the thirties way or a bank ceases to sauce for the money as i think
that that's what paul ryan's gonna do gloria members social security with the
exception of the
of all public act all day
they have never taken a penny of general fund
so out of the sixteen plus trillion dollars
that the united st pats
uh... only about four hundred million evidence due to those who security and
that was just over the last two years
because of that pat holiday where the body was borrowed imported to the first
kurt ruslan
but other than that not one any
of that sixteen trillion dollars
as due to social security
it's missing
it's amazing and yet anya pete peterson has spent hundreds of millions of
dollars of his own money trying to convince people that we should have the
suffer wall street is that really what this this is all about it i think
there's a couple of there's an ideological agenda then there's the
greedy temperature wall street just thank god
the beneath if you could be image
retirement account
of all-american for just
character but please be
now if you look at how much that would be great people social security that at
that
uh... let alone if they'd be able to have a lot that but i'd be beyond that
just what that little
he you know you can see the fabric that up
definitely overtime focal point for people to get the average person at
retirement with a four oh one k_ and for all his going around thirty
thirty-some-odd years the average person ur telephone she has already spent more
than a hundred thousand dollars and fees
it's its mind on congressman peter defazio has said because you know that
has that uh...
great talking with you congressman thank you or get a tax i'm well thanks for
dropping like the type of through that